ZAMBIA: SMEAR CAMPAIGN SEEKS TO DISTRACT FROM WEAKENING DEBT TRANSPARENCY
Wed, 17 July 2019
The dismissal of Zambia’s finance minister was a politically motivated act seeking to distract from a planned constitutional amendment that would remove a requirement of parliamentary approval of government loans and guarantees. The risk of a default will rise further in the second half of 2019, although Zambia’s new finance minister may still seek abrupt recourse to the IMF to avoid such a scenario.
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