‘IMF approval of $1.3bn reflects confidence in ECL’ THE approval of US $1.3 billion for Zambia by the IMF Board of Directors, is a show of confidence in President Edgar Lungu’s administration by the global community, says former PF Kanyama aspirant candidate Chris Changwereza.Zambia is one of the beneficiaries of the recent approved general allocation of Special Drawing Rights (SDRs) equivalent to US$650 billion, for eligible member countries.Mr Changwereza saideven amidst the negative effects of coronavirus and criticism from the opposition, the PF government under the leadership of President Lungu has remained resolute by proving to the world that it has workable policies to transform the country’s economy.He observed that the country has continued posting positive economic growthwhich he said was a result of the favorable political and investment environment the country is enjoying.“The decision by the IMF to approve $1.3 billion for Zambia is not by luck but a show of confidence in the […]
‘ IMF APPROVAL OF $1.3BN REFLECTS CONFIDENCE IN ECL’
