IMF criticises sacking of Zambian governor

IMF headquarters in Washington DC
IMF headquarters

The International Monetary Fund has responded to the Zambian president’s dismissal of the country’s central bank governor with an implicitly critical statement.

Zambian president Edgar Lungu announced on August 22 that he had dismissed governor Denny Kalyalya. The governor was fired three days after he warned of Zambia’s growing economic problems.

Kalyalya said that Zambia was facing major economic challenges, including a worsening fiscal situation, as cases of Covid-19 rise. On August 19, the

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