Zambian central bank needs more safeguards, IMF says
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
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Governance
Most governments can change mandates without consulting central banks
Most jurisdictions’ central bank laws either limit or forbid monetary financing
Central banks differ over board term limits
Nearly half of responding central banks impose no term limits on board members
EME governors more likely to leave role early
Emerging market economy countries also less likely to limit number of terms governors can serve
Lebanese judge questions governor
Salameh interviewed in presence of European officials after initially refusing to be questioned
China to set up new party-led financial supervisors
New committees to be established by end of 2023 as part of wider supervisory change
BoE may have ‘too much to do’, experts warn
Secondary remits may be diverting attention from key tasks, House of Lords committee hears
BoJ maintains monetary easing at Kuroda’s final policy meeting
Ueda confirmed as next governor as pressure grows to abandon yield curve control
Lebanese judge to interview central bank governor
Second judge summons Salameh over allegations as observers say governor could extend term