IMF Approves Zambia Review, Clears Release of $187 Million
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The International Monetary Fund approved a $187 million transfer to Zambia, as the southern African nation faces fresh setbacks to an already prolonged debt restructuring process.
The fund, which had held back a payment earlier this year due to delays in Zambia’s deal with official creditors, decided that it had made enough ground on a separate deal with bondholders to allow this transfer.