Author: Tumfweko

Bailout Talks With Zambia Remain Suspended-IMF

The International Monetary Fund has maintained discussions on a possible Fund-supported program with Zambia remains suspended. The IMF says the talks remain frozen because the Zambian government’s borrowing plans compromised the country’s debt sustainability. This is according to a statement by IMF Spokesman Gerry Rice during a news conference at the IMF Headquarters in Washington,
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