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Zambia braces for IMF crunch talks | Africa | DW


Zambia braces for IMF crunch talks
Zambia has been gearing up for talks with the IMF after becoming the first African nation to default on debt since the COVID-19 pandemic started. But analysts say an IMF loan is unlikely until after August elections.
Zambia s currency, the kwacha, has weakened 9% against the US dollar since September
Zambia is getting ready to hold virtual talks with the International Monetary Fund (IMF) from Thursday in the hope of securing a bailout loan. This latest round of negotiations will run until March 3.
The administration of President Edgar Lungu has accumulated massive debts in recent years, much of it for large-scale infrastructure projects. ....

New York , United States , Edgar Lungu , Kangwa Muyunda , Bwalya Ngandu , Michael Sata , Trevor Simumba , International Monetary Fund , York New School , President Edgar Lungu , President Lungu , Grieve Chelwa , Patriotic Front , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , எட்கர் லுங்கு , மைக்கேல் சதா , சர்வதேச பண நிதி , யார்க் புதியது பள்ளி , ப்ரெஸிடெஂட் எட்கர் லுங்கு , ப்ரெஸிடெஂட் லுங்கு , தேசபக்தி முன் ,

Zambia braces for IMF crunch talks


Zambia braces for IMF crunch talks
dw.com
2/8/2021
Kate Hairsine
Zambia has been gearing up for talks with the IMF after becoming the first African nation to default on debt since the COVID-19 pandemic started. But analysts say an IMF loan is unlikely until after August elections.
© Imaginechina-Tuchong/imago images
Zambia s currency, the Kwacha, has weakened 9% against the US dollar since September
Zambia is getting ready to hold virtual talks with the International Monetary Fund (IMF) from Thursday in the hope of securing a bailout loan. This latest round of negotiations will run until March 3.
The administration of President Edgar Lungu has accumulated massive debts in recent years, much of it for large-scale infrastructure projects. ....

New York , United States , Edgar Lungu , Xinhuam Mbangweta , Kangwa Muyunda , Bwalya Ngandu , Kate Hairsine , Michael Sata , Trevor Simumba , International Monetary Fund , York New School , President Edgar Lungu , President Lungu , Grieve Chelwa , Patriotic Front , Mwiche Zambians , Mbangweta Schools , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , எட்கர் லுங்கு , மைக்கேல் சதா , சர்வதேச பண நிதி , யார்க் புதியது பள்ளி , ப்ரெஸிடெஂட் எட்கர் லுங்கு , ப்ரெஸிடெஂட் லுங்கு , தேசபக்தி முன் ,