IMF MISSION ENDS VISIT TO ZAMBIA

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IMF MISSION ENDS VISIT TO ZAMBIA

TSIDI

 

International Monetary Fund (IMF), Mission Chief Tsidi Tsikata says the Fund may Grant Zambia up to 1.3 Billion United States Dollars in a Three-year Credit Facility to help plug a budget Deficit of around 7 Percent.

 

Mr Tsikata says a Decision will be made by the IMF Board in August this year.

 

Tsikata said Zambia needed to take concrete Steps to Achieve Fiscal Consolidation targets Outlined in the 2017 Budget which include improving Revenue Collection, Limiting Borrowing and Scaling back on New Capital Projects.

 

 

JUNE 10, 2017

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