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Emerging MarketsAfrica

Investor relief as Zambia makes progress with IMF

AdobeStock_Zambia_575x375_23Sept2020

The IMF and Zambia have reached a "broad agreement" on a reform agenda for Africa’s first sovereign defaulter of the pandemic era. That will serve as a prelude to securing a new credit facility from the Fund and pleased investors, who noted that Zambia's bonds have made gains in recent weeks.

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