FINANCE and National Planning Minister Dr Situmbeko Musokotwane says the US$187 million which Zambia is receiving from the IMF will help stabilise the kwacha. And Dr Musokotwane says Zambia will be in a better place in 2024 because even the World Bank is giving Zambia a $125 million grant. On Wednesday, the International Monetary Fund Executive Board completed the second review of the Extended Credit Facility for Zambia, resulting in US$187 million approved disbursement. In an interview, Thursday, Dr Musokotwane said the expectation was that the Kwacha would respond positively once Zambia received those funds. “Of course that is the expectation because this is foreign exchange coming in the country which was not there. So, the expectation definitely is that...

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