Zambia and IMF talks on financial support to respond to COVID-19 economic fallout continue

Although we are headquartered in Washington D.C. USA, our reporters and editors are working around the globe to cover what you care about. Become our exclusive member and help us keep our quality news free and available for all.

The International Monetary Fund (IMF) said on Thursday it is still in talks with authorities in Zambia over their request for financial support to respond to COVID-19 economic fallout.

Speaking at a press briefing from Washington DC, Gerry Rice, Director of Communications at the IMF, said the discussions continue.

“The Zambian authorities have requested IMF support for their economic program to restore macroeconomic stability, as well has assistance under our emergency financing to help address the human and the economic impact of the pandemic.

[read_more id="2" more="Read full article" less="Read less"]

“I can tell you, that a virtual IMF staff mission took place June 22 to July 10 to discuss the emergency financing request.

Dr. Bwalya Ng'andu is current Zambian Minister of Finance
Dr. Bwalya Ng’andu, Zambian Minister of Finance

“Progress was made, but discussions continue as the authorities determine their policies and priorities in the context of their revised 2020 budget, as well as the medium-term fiscal stance needed to restore debt sustainability, revive growth and reduce poverty. That’s where we are on Zambia,” Mr. Rice said.

[/read_more]

Simon Ateba
Simon Ateba
Based in Washington, District of Columbia, United States of America, Simon leads a brilliant team of reporters, freelance journalists, analysts, researchers and contributors from around the world to run TODAY NEWS AFRICA as editor-in-chief. Simon Ateba's journalistic experience spans over 10 years and covers many beats, including business and investment, information technology, politics, diplomacy, human rights, science reporting and much more. Write him: simonateba@todaynewsafrica.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Trending Now

MOST POPULAR

South Africa’s Director-General of the Public Service Commission Dr. Dovhani Mamphiswana suspended by President Ramaphosa

President Cyril Ramaphosa has placed Dr Dovhani Mamphiswana, Director-General of the Public Service Commission, on precautionary suspension. The...

Inside Mali’s lingering political crisis that has left many dead

Security forces in Mali have used excessive force in responding to at-times violent protests by the political opposition, Human Rights Watch said on...

Human rights group calls on DRC to investigate murder of four members of President Felix Tshisekedi’s political party

Authorities in the Democratic Republic of Congo should ensure an effective investigation into the apparent murder of four members of President Felix Tshisekedi’s...
- Advertisement -

LATEST STORIES

South African President appoints committee to investigate COVID-19 corruption

South African President Cyril Ramaphosa has, following a decision taken by Cabinet at its meeting of Wednesday, August 5, 2020, appointed...

Ethiopian Defense Minister Lemma Megerssa, two top officials suspended

Ethiopian Defense Minister Lemma Megerssa and two other top officials have been suspended from the ruling Prosperity Party’s central committee.

South Africa’s Director-General of the Public Service Commission Dr. Dovhani Mamphiswana suspended by President Ramaphosa

President Cyril Ramaphosa has placed Dr Dovhani Mamphiswana, Director-General of the Public Service Commission, on precautionary suspension. The...

Security forces opened fire and unleashed teargas on unarmed protesters in Lebanon, Amnesty International says in fresh report

The Lebanese army and security forces, as well as unidentified men in civilian clothes, shot at unarmed crowds during protests in...

Inside Mali’s lingering political crisis that has left many dead

Security forces in Mali have used excessive force in responding to at-times violent protests by the political opposition, Human Rights Watch said on...

[/read_more]

[read_more id="2" more="Read full article" less="Read less"]

error: Alert: Content is protected !!
Share
Tweet
Share
Reddit
WhatsApp