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Vol 62 No 7

Published 1st April 2021


PF bets it all on the polls

Election season starts soon as lenders hang on to their funds and watch the ruling party take increasingly desperate measures to raise money

Contrary to some optimistic reports, Zambia is 'very far' from securing a bail-out deal from the International Monetary Fund, banking and official sources have told Africa Confidential. It is less than six weeks from the time when government effectively shuts down for campaigning for the general election on 12 August, making any breakthrough on Zambia's massive debt even less likely. At the same time, a new assessment by a leading bank of a higher than previously reported level of debt has been leaked to Africa Confidential.

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