KABANDA CHULU, Lusaka
ZAMBIA will now face more scrutiny when borrowing following the revised debt sustainability framework by the International Monetary Fund (IMF) and the World Bank for low income countries.
The revised framework includes assessment of macroeconomic-linkages in stress tests and exploring the links between investment and growth.
This is in additional to the existing requirements that incorporates more country-specific information, risk assessments and greater attention to domestic debt vulnerabilities.
According to the latest joint IMF-World Bank executive board review on debt sustainability framework for Low Income Countries (LICS), the quality of the framework’s outputs depends heavily on the http://epaper.daily-mail.co.zm/