IMF releases details of Zambia deal
Published On September 7, 2022 » 4266 Views» By Times Reporter » HOME SLIDE SHOW, SHOWCASE
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. Musokotwane

THE International Monetary Fund (IMF) has released the country report for Zambia containing most of the information on the recently approved Extended Credit Facility (ECF) to the southern African country.
According to the comprehensive report, Zambia and the IMF have agreed that the country enhances social sector spending while ensuring fiscal discipline to restore fiscal and economic health.
The two parties share the view that past financial imprudence led to a huge debt stock which coupled with the COVID-19 pandemic and Russia, Ukraine conflict, worsened economic fundamentals.
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