Stakeholders hail Govt over $1.3bn bailout
Published On September 2, 2022 » 1408 Views» By Times Reporter » Business, Stories
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By MAIMBOLWA MULIKELELA-
VARIOUS stakeholders have commended the Government for securing a US$1.3 billion International Monetary Fund (IMF) Extended Credit Facility (ECF) which will help restore the country’s macroeconomic stability.
Zambia Association of Manufactures (ZAM) vice president –South Chipego Zulu-Chileshe hailed the Ministry of Finance and National Planning for the hard work put in to ensure that Zambia secured an IMF programme.
“We are aware that this has been a process that we’ve been working on for a number of years now, and only been able to achieve it now. It really comes at a time when Zambia is in need of the package that’s being provided by the IMF.
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