Zambia is currently waiting to hear if its formal request for a financial bailout from the International Monetary Fund has been accepted to or rejected after the talks ended today.
During a recent press conference, IMF Communications Director Gerry Rice disclosed that the deliberations have been going on since February and will end today.
“I don’t really have that much to add on Zambia from what I’ve said before except to say that, you know, you’re right that there’s an ongoing mission.
“The dates of that have been ?- it’s been running since February 11 we expect it to run through March 3,” Dr Rice said.
“I can confirm that we will communicate after that mission; a staff ?- an IMF staff mission, we will do a press statement at the conclusion of that.
“And since that mission is in process I really don’t have much else to say. That’s where we are on Zambia.”
The Zambian government has been seeking a resumption of formal talks with the Fund.
Zambia wants US$ 1.3 billion in financial aid to assist the country overcome financial crisis caused by a big debt.