IMF bails out debt-ridden Zambia

US$1.3 billion loan
In 2020, Zambia became the first country on the continent to default on its foreign debt estimated at US$17.3 billion.
  • 2 Year Ago - 2022-09-02 01:00:00
The International Monetary Fund (IMF) has approved a US$1.3 billion loan to debt-ridden Zambia to help it restore fiscal stability while urging the country to battle corruption.In ...

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Namibian Sun 2024-11-25

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