BY BUMBA CHIMBULUOFFICIALS from the International Monetary Fund (IMF) are tomorrow expecting to meet int the country for continued discussions on a possible package which is aimed at enhancing budget support from cooperating partners.Government intends to reach an agreement with the IMF by the end of this month. Zambia has been holding continuous discussions which the country is eligible to access a package worth US$1.3 billion. Some bilateral partners had over the years ceased budget support as they felt that the risks were too high, according to the Bank of Zambia (BoZ) Governor, Dr Denny Kalyalya. Dr Kalyalya indicated that having a programme with the IMF was cardinal in bringing back budget support from cooperating partners. He said this in Lusaka yesterday at the 2022 post budget town hall symposium. “We have had challenges in getting budget support. This mobilisation is important, an agreement with the IMF therefore provides that support. It is important to solicit […]
IMF TEAM EXPECTED TOMMOROW
