By BUUMBA CHIMBULUZAMBIA’S discussions with the International Monetary Fund (IMF) for an extended credit facility (ECF) are on course.The ongoing virtual meetings started on February 11 and will end on March 3, says Bank of Zambia (BoZ) Governor, Christopher Mvunga.Mr Mvunga said at a press briefing in Lusaka yesterday that an announcement regarding the outcome of the meeting would be made once they were over.“We are having cordial discussions with them (IMF). They (virtual meetings) are ongoing and at this point it will be premature to make any pronouncements.“All I can say is that the discussions are going on accordingly and at an opportune time an announcement will be made once these discussions are concluded,” Mr Mvunga said.Under the ECF, member countries agree to implement a set of policies that will help them make progress towards a stable and sustainable macroeconomic position over the medium term.On January 22 this year, Secretary to the Treasury Fredson […]
ZAMBIA, IMF TALKS ON COURSE
