Zambia Targets IMF Extension by Year-End, Finance Minister Says
PositiveFinancial Markets

Zambia is making strides to secure a 12-month extension of its International Monetary Fund program, which is crucial for the country's financial stability. With the current $1.7 billion arrangement set to expire soon, Finance Minister Situmbeko Musokotwane expressed optimism about reaching a deal by year-end that could include additional financing. This extension is vital as it allows Zambia to complete necessary reviews and continue its economic recovery efforts.
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