Wed, 14 Dec 2016 10:12:15 +0000 THE Zambian Government has not yet formally written to the International Monetary Fund (IMF) to request for a programme and therefore the fund will not take any action, says the IMF resident representative, Alfredo Baldini. And the IMF has advised Government to halt refinancing of the Eurobonds until the financing conditions on the market have relaxed. Mr Baldini said in an interview that a country requesting for a programme was required to formally write to the fund according to Article 4 of the consultation process. He said the IMF would return to Zambia in February 2017 for consultations as required by Article 1V of the fund. “There has not been a formal request as such yet, but we are expecting that the authorities will do so in the weeks ahead. “Ultimately, it is up to the authorities to ask for a programme. But we will come here for Article […]
