‘$1.3M IMF. PACKAGE WILL BOOST CONFIDENCE’By BUUMBA CHIMBULUTHE US$ 1.3 billion Special Drawing Rights (SDRs) to be allocated to Zambia this month will improve international confidence in the economy and assist in stabilising its macroeconomic environment.Zambia is this month expected to receive US$ 1.3 billion SDRs from the International Monetary Fund (IMF) to ease its economic stress, which has been brought about by the pandemic.The reallocation of this fund could be crucial in assisting African countries such as Zambia in building more resilience in the economy as well as stabilise its macroeconomic environment, says Policy Monitoring and Research Centre (PMRC) Executive Director, Bernadette Deka-Zulu.Ms Deka-Zulu stated that it was anticipated that the SDRs would improve international confidence in Zambia’s economy, thereby trigger local and international investments.She indicated that this would help the Zambian Government cope with the impacts of the pandemic and improve the post Covid-19 economic recovery prospects while providing crucial support to Small […]
‘$1.3M IMF. PACKAGE WILL BOOST CONFIDENCE’
