Zambia Sees $1.6 Billion IMF Deal Concluded Before July

  • Copper producer to use IMF deal to secure more borrowings
  • Fund applying normal process in evaluating Zambian loan

Felix Mutati.

Photographer: Mustafa Ozturk/Anadolu Agency via Getty Images
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Zambia will conclude a deal with the International Monetary Fund for as much as $1.6 billion by the end of June, Finance Minister Felix Mutati said.

“We will conclude by the end of the second quarter,” Mutati said in an interview Wednesday in Nairobi, the Kenyan capital. “There is no question on whether the deal comes through or not. The deal is coming through.”