[miningmx.com] – ZAMBIA should tap the International Monetary Fund (IMF) for funding to prevent further deterioration in the economy, said Bloomberg News citing the comments of Situmbeko Musokotwane, a former Zambia finance minister.
“Zambia is quickly running out of money,” Musokotwane told Bloomberg. “It is incumbent upon the government to agree with the IMF on a program that not only stabilizes the economy, but also quickly restores investor confidence and re-kindles faster economic growth as it was before.”
A team from the IMF visited Zambia this month at the invitation of the government to assess the state of the economy which has been hit by the falling copper prices and a shortage of power supply.
Click here to read the full article
