Wednesday, 22nd March 2023
<To guardian.ng
Search

Zambia wins crucial IMF backing for $1.3bn program

By Reuters
03 September 2022   |   11:22 am
Zambia took a crucial step closer on Wednesday to restructuring its debts and rebuilding its ravaged economy. The International Monetary Fund said in a statement that it had approved a $1.3 billion, 38-month loan program with the southern African country.

Related

15 Aug 2022
Find these stories and much more when you grab a copy of The Guardian on Tuesday.⁣
17 Aug 2022
William Ruto has been declared the winner of Kenya's Presidential election, narrowly beating his rival Raila Odinga. Speaking at his victory rally, Ruto said that he would be a leader for all Kenyans, no matter which way they voted in the election.
27 Aug 2022
Philippine journalist Maria Ressa and Russian journalist Dmitry Muratov received their Nobel Peace Prize on Friday in Oslo. The two laureates were awarded the prize on October 8 "for their courageous fight for freedom of expression" in the face of authoritarian governments.
4 Sep 2022
South Sudanese model Majda John Peter has been crowned the winner of the world's most prestigious modelling competition, as the event held by global agency Elite returned on Tuesday.
2 Sep 2022
The International Monetary Fund says a first agreement has been reached on a $2.9 billion loan to the bankrupt country. Sri Lanka is facing its worst economic crisis in more than 70 years.
3 Sep 2022
Zambia took a crucial step closer on Wednesday to restructuring its debts and rebuilding its ravaged economy. The International Monetary Fund said in a statement that it had approved a $1.3 billion, 38-month loan program with the southern African country.
16 Sep 2022
The German director took home the prestigious Japanese prize that's been dubbed the "Nobel Prize of the Arts." A look back at his influential career.
6 Oct
The Swedish Academy gave the award to French memoirist Annie Ernaux. An icon of autobiographical fiction, the author of "The Years" joins the ranks of other prestigious figures in the literary scene.
10 Oct
The Nobel prize in literature has been awarded to Annie Ernaux “for the courage and clinical acuity with which she uncovers the roots, estrangements and collective restraints of personal memory”.
12 Oct
Lesotho's recently founded Revolution for Prosperity (RFP) party emerged as the single biggest party, after it won 56 parliamentary seats in last week's election, but fell short of gaining a clear majority, the election commission said on Monday
30 Oct
Earlier this week the IMF said sub-Saharan Africa faced its “most challenging environment in years”, with the region's pandemic recovery disrupted by surging inflation, rising interest rates and a global slowdown.
23 Oct
Runaway inflation and soaring food prices have compelled Ghana and Zambia to seek bailouts from the International Monetary Fund. This week, traders across Ghana closed shop to protest the worsening economy.