Zambia Opposition Leader Signals Strong Support for IMF Bailout
- Hichilema says he will back any bail-out conditions set by IMF
- Zambia needs competitive mine tax system, Hichilema says
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Zambia’s main opposition presidential candidate, Hakainde Hichilema, said there was no doubt Africa’s second-biggest copper producer needs help from the International Monetary Fund to shore up its ailing economy and that he will support any preconditions for funding set by the Washington-based lender.
“We are singing from the same hymn sheet as the IMF,” Hichilema said in an interview in Lusaka, the capital, on Aug. 6, just five days before the southern African nation is due to hold presidential elections. “What the IMF wants, we want even more.”