‘IMF deal triggered forex inflow’
Published On December 29, 2021 » 331 Views» By Times Reporter » Business, Stories
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THE US$1.4 billion International Monetary Fund (IMF) Staff Level Agreement led to oversubscription in bond issuance powered by inflows from non-resident investors, according to the Policy Monitoring and Research Centre (PMRC).
PMRC executive director Bernadette Deka-Zulu acknowledged in a statement that the agreement was based on Zambia’s plans to undertake bold and ambitious economic reforms.

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