Answer to Question #280853 in Political Science for Comfort

Question

On 3rd December, 2021, the New Dawn Government and IMF mission to Zambia reached a Staff-Level Agreement on a programme under the IMF's Extended Credit Facility (ECF) that envisages provision of financial support of $1.4bn over the next three (3) years.

Taking into account the anticipated IMF conditionalities, what implications will such an agreement have on the general economic outlook of Zambia?

To what extent do you approve or disapprove such an agreement?

Answer 1

This Agreement of $1.4 cannot be trusted since IMF never presented the approval