Business

IMF welcomes Zambia’s economic outlook

LUSAKA City.

NANCY MWAPE, Lusaka
THE International Monetary Fund (IMF) has welcomed the recent improvement in Zambia’s economic outlook driven by good rains and rising world copper price.

IMF notes that the Zambian economy was in near-crisis from the fourth quarter of 2015 through most of 2016, reflecting the impacts of exogenous shocks and lax fiscal policy in the lead up to general elections.

This is contained in a statement posted by the IMF executive board that just concluded 2017 article IV consultation with Zambia.
“Low copper prices reduced export earnings and government revenues, while poor rainfall in the http://epaper.daily-mail.co.zm/

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