IMF withdraws its representative to Zambia

THE International Monetory Fund (IMF) has withdrawn its representative to Zambia Dr. Alfredo Baldini.Dr Baldini, an Italian national with over 20 years of international experience as a macroeconomist and a former professor of economics at key institutions like the London School of Economics.And Chief Government Spokesperson Dora Siliya in her latest tweet, Siliya said the IMF is in Zambia for various programmes and is not leaving.She said Dr Alfredo is leaving Zambia and that his replacement will be made soon further adding that Finance Minister Margaret Mwanakatwe will be issuing a detailed statement over the weekend.Zambia has been seeking for an aid package from the IMF believed to be around 1.3 billion U.S. dollars but the two parties have so failed to reach an agreement.Last year, IMF urged Zambia to deal with its rising debt, which had become a focal point for the talks, warning that the country risked plunging into a debt distress. Post Views: 2