FORMER Finance Minister Ng’andu Magande says Zambia’s foreign reserves have hit US$3 billion because government is attracting a lot of investments. And Magande says it is unlikely that Zambia will experience deflation despite the rapid reduction in inflation rate. In an interview, the new dawn government had created a conducive environment for investment in the country. “The IMF will never tell you to say that the ideal (percentage rate of inflation) is eight percent, no. When I was there, I asked them what the ideal figure was, they said no, we just expect that the prices will not be going so high, higher than they were last year, and that is enough. All these people talking nice things about what…...

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