By BUUMBA CHIMBULUZAMBIA is more likely to get the US$1.3 billion financial programme deal with the IMF over the next few months as investor confidence has surged, Fitch Solutions has predicted.According to the latest Fitch Solutions report on Zambia, the US$1.3 billion deal with the IMF was more likely to materialise now that the August 12 elections were over, and progress on debt restructuring negotiations would likely be faster under the new administration.Fitch Solutions is closely linked to Fitch Ratings and helps clients determine their best investment options, sharing data from their market research with investors to provide them with risk solutions and debt market solutions, among others.“With the elections now over, we expect discussions with the IMF to proceed, and result in an agreement on a financial programme over the next few months.“In addition, progress on complex debt restructuring negotiations with foreign creditors, following the government’s technical default in November 2020, is likely to […]
IMF DEAL IN SIGHT – FITCH
