Zambia braces for IMF crunch talks : vimarsana.com

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.

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