The International Monetary Fund has approved a $1.3bn loan to Zambia. It said it would help Zambia restore economic stability and foster higher and more inclusive growth. The fund, according to the BBC, said Zambia was dealing with years of economic mismanagement and its growth rates were too low to tackle poverty, inequality, and malnutrition. In return, the country will have to tackle corruption, eliminate fuel subsidies and make agricultural subsidies more efficient.
