Zambia finally gets $1.3 billion IMF Bailout

Zambia has won International Monetary Fund board approval for a $1.3 billion support package, a important step toward the nation restructuring its debt and a boost for the global effort to help indebted developing nations. The IMF said in a statement that the 38-month extended credit facility is based on Zambia’s “homegrown economic reform plan … Continue reading Zambia finally gets $1.3 billion IMF Bailout