Wednesday, December 1, 2021

    IMF sees Zambia's 2016 economic growth steady at 3 percent

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    LUSAKA  – Zambia’s economy should grow by 3 percent this year, largely unchanged from last year as electricity shortages and subdued private sector investment weigh, the International Monetary Fund (IMF) said on Tuesday.

    The IMF Mission Chief to Zambia Tsidi Tsikata said resolute policy action such as the removal of fuel and electricity subsidies could help Zambia overcome its economic challenges.

    “These measures, if coupled with structural reforms to reduce inefficiencies and increase capacity utilisation in the energy sector would go a long way towards increasing Zambia’s growth potential,” Tsikata told journalists.

    (Reporting by Chris Mfula; Writing by Olivia Kumwenda-Mtambo; Editing by James Macharia)


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