February 17, 2018
IMF dismisses Zambia’s borrowing plan, putting loans on hold
37 ViewsThe International Monetary Fund has rejected Zambia’s latest borrowing plans, saying they risk making it harder for the country to sustain its debt load, the IMF said on Friday. Zambia had hoped to have a $1.3 billion loan agreement with the IMF completed early this year, Treasury Secretary Fredson Yamba said in November. The IMF’s rejection puts those plans on hold. It was the…