Africa

New leader pledges to stabilise Zambia’s shaky finances

Amid high unemployment and surging inflation, new administration hopes IMF loan will kick-start economic recovery

24 August 2021 - 20:00 By Taonga Clifford Mitimingi and Matthew Hill

Zambia’s new president Hakainde Hichilema pledged to rein in public debt and the budget deficit, while restoring the nation’s credibility after a default on its foreign loans. ..

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