DIANA CHIPEPO, KABANDA CHULU
Lusaka
GOVERNMENT and International Monetary Fund (IMF) have reached a staff-level agreement on economic policies to conclude the second review of the 38-month Extended Credit Facility (ECF) supported programme.
Once the review is approved by IMF Management and completed by the Executive Board, Zambia will have access to about $184 million in financing, bringing the total financial support disbursed under the arrangement to about US$555.7 million.
According to a statement issued by the IMF communications department yesterday, a staff team led by mission chief for Zambia Vera Martin was in Lusaka from October 25 to November 8 to discuss progress on economic and financial policies in the context of the second review under the ECF arrangement.
Read more: eNews Daily Mail | Without Fear Or Favour (daily-mail.co.zm)
