Zambian central bank needs more safeguards, IMF says
Fund says central bank’s independence is still under threat despite reforms
Zambia’s central bank still lacks enough protection from government interference, the International Monetary Fund said in a report published on January 10. The fund praised recent reforms, but said vulnerabilities remained.
Zambian president Hakainde Hichilema had requested the IMF undertake a “governance diagnostic assessment” of his country in November 2021. The review was carried out during the first half of 2022.
The IMF granted Zambia a $1.3 billion, 38-month funding package in August
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