Economics
Zambia Expects to Conclude $1.4 Billion IMF Bailout by June
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Zambia expects to finalize a $1.4 billion bailout from the International Monetary Fund by June, Finance Minister Situmbeko Musokotwane said.
Zambia became Africa’s first pandemic-era sovereign defaulter in 2020. The southern African nation had previously targeted IMF board approval for the three-year extended-credit facility in the first quarter, having reached a staff-level agreement on Dec. 3.