Zambia expects full agreement with IMF on $1.4 bln support plan in mid-2022 – finmin

PUBLISHED: Fri, 21 Jan 2022 12:11:20 GMT
Chris Mfula
Reuters
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The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo

LUSAKA, Jan 21 (Reuters) – Zambia’s finance minister Situmbeko Musokotwane said on Friday he expected the country to reach full agreement with the International Monetary Fund in the middle of this year, after reaching a staff-level agreement for a $1.4 billion support plan in December.

“We are well on the way of solving this issue of unsustainable debt. We expect full agreement with the IMF sometime in the middle of 2022,” Musokotwane said at a meeting with bankers.

This is a developing story…

(Reporting by Chris Mfula; Writing by Emma Rumney; Editing by Alex Richardson)

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