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Vol 61 No 4

Published 20th February 2020


Unhealthy bank balance

Finance Minister Bwalya Ng'andu's January request for a funded programme from the International Monetary Fund may be in danger from continued borrowing beyond the Treasury's control, financial sources in Lusaka told Africa Confidential. IMF sources have confirmed the request. Any deal with the Fund would require borrowing to be curbed, but the ruling Patriotic Front is still filling its campaign coffers using new loans and inflated contracts, we hear.

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