In this video, the International Monetary Fund (IMF) explains why it suspended negotiations of an economic bailout package for Zambia.
Speaking during a press briefing from the Fund’s head office in Washington D.C. on July 12, IMF communications director Gerry Rice disclosed that the Fund had suspended discussions because the Zambian government’s borrowing plans had compromised the country’s debt sustainability, which in-turn, would undermine Zambia’s macroeconomic stability.
Take a look:
