Zambia, IMF Reach ‘Broad Consensus’ on Deal, Lungu Says

  • Fund says formal talks yet to start, to engage new government
  • Opposition to challenge Lungu victory in Constitutional Court

Zambia has made “great progress and reached broad consensus” with the International Monetary Fund on a planned support package, President-elect Edgar Lungu said. Yields on the nation’s Eurobonds fell to the lowest in more than a year.

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