The IMF’s mission chief for Zambia added in a statement that the Fund welcomed Zambia’s memorandum of understanding with its official creditors and ongoing discussions with private creditors to reach an agreement on debt restructuring.She said Zambia may need to further tighten monetary policy to contain inflationary pressures and that building reserves would enhance the southern African country’s external resilience.
IMF staff agree second review of Zambia facility, unlocking US$184M
