NEWS: Kwacha appreciation attributed to IMF deal

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Economist Chibamba Kanyama says the current appreciation of the kwacha can be attributed to the conclusion and agreement of a staff level deal with the International Monetary Fund (IMF) as it has sent a positive signal that Zambia’s economy is getting back on track. Kanyama said the fiscal deficit would begin to narrow because government will reign in on expenditure under the IMF programme and begin to prioritise expenditure, adding that with the IMF programme comes the funding, which has positive implications for market players for more information about the news ready more…