30-07-2025
Zambia Seeks 12-Month Extension to IMF Deal Ahead of Elections
Zambia's cabinet has cleared the way for the southern African nation to request a 12-month extension of its International Monetary Fund program, a move that will please creditors as it will help the country maintain tighter controls on spending ahead of elections in August next year.
Finance Minister Situmbeko Musokotwane has received the cabinet's approval to seek the extension of the program that's due to expire in October, Information and Media Minister Cornelius Mweetwa said Wednesday in comments broadcast on state television.
