By BUUMBA CHIMBULUTHE flood of investment flows Zambia will get by the vote of confidence from the International Monetary Fund (IMF) will be the biggest drivers of economic activity to spur growth, says Financial Analyst, Mutisunge Zulu.According Mr Zulu , these will by far exceed the size of the Extended Credit Facility (ECF) and that sets the pros of getting onto an IMF package.Mr Zulu started that attainment of the key milestone with the IMF Staff Mission team signaled the biggest hurdle Zambia faced and that the next stage was to present the findings before a board for approval after which the extended credit facility line would be granted for draw down.The agreement is for US$1.4 billion which various schools of thought question if it will be enough to solve Zambia’s hurdles.“Balance of payment support must be viewed from a positive externality standpoint because the flood of flows Zambia will get by the IMF’s vote […]
IMF agreement to flood Zambia with investment
