Debt-ridden Zambia secures $1.3 billion in IMF bailout

Debt-ridden Zambia secures $1.3 billion in IMF bailout

By Obert SIMWANZA The International Monetary Fund has approved a $1.3 billion loan to debt-ridden Zambia to help it restore fiscal stability while urging the country to battle corruption. In 2020, as the Covid-19 pandemic battered Africa, Zambia became the first...