Ministry of Finance and National Planning and the International Monetary Fund -IMF- staff delegation will tomorrow start formal talks on Extended Credit facility.
Finance Ministers, Situmbeko Musokotwane will lead the Ministry of Finance delegation while the IMF delegation will be led by Allison Holland. I
According to a statement issued by the Secretary to the Treasury, Felix Nkulukusa, the aim of the discussion with the IMF is to achieve a staff level agreement that outlines an agreed policy reform package and a related medium term macro-fiscal framework.
He says they two issues would lead to a debt restructuring package which will restore fiscal and debt sustainability, boost growth and strengthen economic governance.
Nkulukusa adds that the new dawn administration is committed to foster economic recovery and restore debt sustainability as part of the plan to build a more resilient and productive economy.
He say Zambia’s latest debt figures including a detailed creditor by creditor breakdown can be accessed on the Ministry of Finance website.