Business · Economy · 2 days ago
IMF Expects Board to Approve $1.47 Billion Zambia Program in December
The International Monetary Fund has reached a staff-level agreement on a new program for Zambia.
The proposed deal is worth $1.47 billion.
The agreement was reached on Friday.
It is not yet final: the IMF’s board still needs to approve it.
The IMF mission chief for Zambia said the board will probably sign off in December.
If approved, the program would provide a new IMF deal for the country.
The International Monetary Fund’s board will probably approve a $1.47 billion deal for Zambia in December.
An IMF staff-level deal was agreed on Friday.
The forecast came from the IMF mission chief to Zambia.
- Who
- The International Monetary Fund and Zambia.
- What
- The IMF board is expected to approve a $1.47 billion deal for Zambia.
- When
- The board is expected to act in December. The staff-level deal was agreed on Friday.
- Where
- Zambia.
- Why
- Not stated
This story does not have two clearly opposing sides.
the board will probably sign off on a $1.47 billion deal for Zambia in December
An IMF staff-level deal with Zambia was agreed.
The IMF board is expected to approve the $1.47 billion deal.
- Program amount
- $1.47 billion
- Expected board approval
- December
- Country
- Zambia
- Agreement stage
- Staff-level deal agreed on Friday
Sources
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