IMF hails reform-minded Zambian govt

INTERNATIONAL Monetary Fund (IMF) Managing Director Kristalina Georgieva has hailed the reform-mindedness of the Zambian government as the country prepares to sign a three-year funded programme with the fund. Finance and National Planning Minister Dr Situmbeko Musokotwane announced on Friday that government and the IMF mission to Zambia had reached a staff-level agreement on a programme under IMF’s Extended Credit Facility that envisages provision of financial support of US$1.4 billion over the next three years. Speaking to Reuters, Friday night, Georgieva said it was critical for the fund to move fast and support Zambia because of the sound intentions that the government has. “On the issue of Zambia, I am so excited by the progress we have made with Zambia…...