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The U.S. Treasury Department's top international official spoke with Zambia's finance minister on Wednesday and discussed Zambia's ongoing debt restructuring and its response to a recent cholera... -January 17, 2024 at 04:21 pm EST - MarketScreener
The U.S. Treasury Department's top international official spoke with Zambia's finance minister on Wednesday and discussed Zambia's ongoing debt restructuring and its response to a recent cholera outbreak, the U.S. Treasury Department said. Zambia faces a major cholera outbreak that has killed at least 333 people since October, with over 8,000 cumulative cholera cases during this period, according to the website of the U.S. Embassy in Zambia.
“We forecast gradual fiscal consolidation due to financing constraints and fiscal reform efforts, which, in many cases, are linked to IMF [International Monetary Fund] programmes. This consolidation will help government debt/GDP to broadly stabilise”.