Zambia Invites IMF for Talks as Kwacha Extends Record Rout

Updated on
  • Currency has lost more than half its value this year
  • IMF team heading to Lusaka to discuss economic challenges

A team from the International Monetary Fund will arrive in Zambia on Wednesday to discuss “challenges” facing the southern African nation, buffeted by the kwacha’s record slump as a drought, electricity shortage and falling copper revenue weigh on government finances.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.