IMF to Return to Zambia in May for $1.6 Billion Loan Talks
- Zambia failed to reach deal with IMF in Washington this month
- Economy has struggled with widening deficits, low metal prices
This article is for subscribers only.
The International Monetary Fund will send a mission to Zambia in May to continue talks over a loan of as much as $1.6 billion the government is seeking after they failed to reach a deal in Washington this month.
“Progress was made but program discussions have not yet been concluded,” Alfredo Baldini, the fund’s representative in Zambia, said Friday in response to emailed questions. “The authorities and IMF staff have agreed that a mission will return to Zambia at the end of May to continue the discussions.”