IMF approves $184 million for Zambia, aiding economic recovery amid fiscal reforms and drought.

The International Monetary Fund (IMF) has approved a $184 million disbursement to Zambia as part of its economic recovery program, bringing the total to $1.3 billion. Zambia's Finance Minister praised the decision, highlighting the country's commitment to fiscal reforms despite challenges like a severe drought affecting agriculture and energy. The IMF's approval is expected to boost investor confidence and attract more foreign investment, supporting Zambia's economic transformation.

3 months ago
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