By BUUMBA CHIMBULUZAMBIA has to rely on fiscal policy for debt stabilisation as the country seeks to secure external financing from the International Monetary Fund (IMF).The country, which is currently in talks with the IMF, is eligible to access up to US$1.3 billion worth of a programme from the Washington-based lender.Debt stabilisation is likely to be a key point as Zambia negotiates towards an IMF programme in the future, says Standard Chartered Bank Chief Economist for Africa and Middle East, Razia Khan.Ms Khan emphasised the need to therefore ensure a fiscal policy which would deliver debt stabilisation.She explained during a live webinar focused on the Zambian Market Economic Outlook that this was cardinal in accessing external financing, including the IMF programme.“Many countries have benefitted from the IMF emergency funds but Zambia has not because its debt level suggests that it is risky. So Zambia has looked at this hence the current discussions with its creditors.“There […]
‘SOUND FISCAL POLICY KEY FOR ZAMBIA’
