By BUUMBA CHIMBULUUNCERTAINTIES surrounding the conclusion of discussions between Government and the International Monetary Fund (IMF) remains a handicap to a better economic outlook in the second half of the year.This is over a possible Extended Credit Facility Programme, according to the Centre for Trade Policy and Development (CTPD) Researcher Mataa Wakumelo.Mr Wakumelo indicated that addressing the economic impact of the Covid-19 pandemic and concluding a formal programme with the IMF would be catalysts to a speedy economic rebound.“The recent change of Government following the general elections may have an impact on the prospects of an IMF deal in the medium term.“Concluding a formal programme with the IMF will be key to ensuring a successful debt restructuring process for Zambia. The debt position has worsened, as both domestic and external debt have increased,” he said in Lusaka during the launch of the CTPD Mid-Year State of the Economic Brief.Mr Wakumelo said increased public and investor […]
‘UNCERTAINTY OVER IMF DEAL A HANDICAP’
