Mon, 03 Apr 2017 11:58:41 +0000 ZAMBIA has acquired enough points to qualify for a loan facility of upto US $1.6 billion from the International Monetary Fund(IMF), Ministry of Finance permanent secretary Mukuli Chikuba has announced. Mr Chikuba said Government was currently in discussion over the prospects of acquiring a loan facility from the IMF including how much of such facility it would get. He said that Cabinet has not yet taken a position on the acquisition of the loan as many other issues needed to be addressed first before a decision to go for the loan could be undertaken. He said Zambia had acquired sufficient points to obtain a loan facility of any amount between US $1.1 billion and US $1.6 billion which could be channeled to support development projects across Zamabia including infrastructure projects currently in progress. “The Government has acquired enough points under the IMF loan system to qualify for a facility […]
