ZAMBIA: PRESIDENT’S POWER EXTENSION AMBITIONS ARE MAIN OBSTACLE TO ECONOMIC STABILISATION
Mon, 25 November 2019
The finance ministry and central bank are making concerted efforts to stabilise the economy and to improve the rapport with the IMF after three years of strained relations. However, President Edgar Lungu’s determination to hold onto power beyond 2021, as well as growing evidence of state corruption and strong indications that fiscal deficit targets will not be met, remain some of the most prominent challenges to any deal with the Fund on a new credit facility.
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