By BUUMBA CHIMBULUZAMBIA and the IMF have reached a broad agreement on the macroeconomic parameters, fiscal targets and policy objectives, making notable progress in Zambia’s request for an Extended Credit Facility (ECF) from the Fund with the Washington based lender acknowledging the country’s efforts to address macroeconomic imbalances.Both the Zambian government and the IMF have confirmed significant progress was made in detailing the policy reform agenda to restore public finance and debt sustainability, while at the same time securing Zambia’s development objectives, and ensuring social protection for the most vulnerable.The IMF reported on its website while Zambia’s Secretary to the Treasury, Fredson Yamba said in a statement that, “it was jointly agreed that Zambia and the IMF will continue policy discussions at the appropriate time to finalise the timeline for implementation of the agreed reform package for the adoption of the ECF-supported programme.”Mr Yamba said in the meantime, the broad agreement obtained on macroeconomic parameters […]
IMF TALKS PROGRESS CHEER GOVT
