Zambian central bank needs more safeguards, IMF says

Bank of Zambia
Bank of Zambia

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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