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Zambia to resume talks with IMF next week – finance ministry

PUBLISHED: Fri, 26 Mar 2021 12:46:16 GMT

LUSAKA, March 26 (Reuters) – Zambia, Africa’s first pandemic-era sovereign default, will resume virtual talks with the International Monetary Fund next week as it seeks to stabilise its debt-burdened economy, its finance ministry said in a statement on Friday.

“The aim is to agree on an appropriate policy reform agenda to address the economic challenges that Zambia is encountering and support the country’s return to a sustainable macro-fiscal situation over the medium-term,” the statement said. (Reporting by Chris Mfula Writing by Joe Bavier Editing by Marc Jones)

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