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Vol 57 No 25

Published 16th December 2016


Zambia

Preparing for the worst

Spending cuts announced in November should ease negotiations in January for an IMF package. Shocks are in store

The much-needed International Monetary Fund financial package expected in January will be accompanied by drastic cutbacks and a drop in living standards. Major cuts to fuel, electricity and food subsidies are due after the government, whose financial team is now led by the ambitious and well-regarded Felix Mutati, agrees conditions for financing.

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