• (237) 242 003 106
  • welcome@cavie.org
  • FrançaisFrançais
  • EnglishEnglish
    • About
      • History
      • Mission
      • Our Partners
    • Organization
      • Honorary Members
      • Founders
      • Representatives per country
      • Commissions
    • Our Expertise
      • Monitoring
      • Creation of the Monitoring and Economic Intelligence Unit
      • Customised training
      • Due diligence
      • The search for local partnerships
    • Publications
      • Photo Gallery
      • Video gallery
      • African Repository for Business and Competitive Intelligence
    • Join Us
      • Become a Member
      • Become a volunteer
      • Become a Donor
      • Become a certified expert
    • News
      • CAVIE Members News
      • Press
    • About
      • History
      • Mission
      • Our Partners
    • Organization
      • Honorary Members
      • Founders
      • Representatives per country
      • Commissions
    • Our Expertise
      • Monitoring
      • Creation of the Monitoring and Economic Intelligence Unit
      • Customised training
      • Due diligence
      • The search for local partnerships
    • Publications
      • Photo Gallery
      • Video gallery
      • African Repository for Business and Competitive Intelligence
    • Join Us
      • Become a Member
      • Become a volunteer
      • Become a Donor
      • Become a certified expert
    • News
      • CAVIE Members News
      • Press

    Zambian president to meet IMF and World Bank in Washington

    • Banking
    • 23 September 2021

    [ACCI-CAVIE] Zambia’s president is due to meet officials at the International Monetary Fund and World Bank in Washington, his spokesman said on Wednesday, as the southern African nation tries to secure a lending programme to help it emerge from a debt crisis.

    President Hakainde Hichilema’s spokesman, Anthony Bwalya, in a statement issued from New York, did not say when the meetings would take place.

    In November, Zambia became the first African country to default on its sovereign debt during the COVID-19 pandemic after failing to keep up with payments on nearly $13 billion of international debt. About a quarter of this debt is held by either China or Chinese entities via deals shrouded in secrecy clauses, complicating negotiations for IMF relief.

    Hichilema is in the United States for the U.N. General Assembly. He won a landslide election victory in August, beating incumbent Edgar Lungu, and has pledged to reduce the fiscal deficit, restore economic growth and review mining policies in Africa’s second-largest copper producer.

    His finance minister said last month securing an IMF programme was critical to restoring creditor confidence and giving the government access to cheaper and longer financing. Late on Wednesday, the White House issued some details of a meeting between the Zambian president and U.S. Vice President Kamala Harris saying the two agreed to deepen ties on issues like health and pandemic preparedness.

    “The vice president applauded President Hichilema’s focus on prioritising necessary reforms and his efforts to stabilize and grow the Zambian economy”, the White House said. Reporting by Chris Mfula; additional reporting by Kanishka Singh; Writing by Alexander Winning; Editing by Olivia Kumwenda-Mtambo and Bernadette Baum

    The standars

    Share

    Newsletter

    Shortcodes Ultimate

    Texte du bouton

    Category

    • Aeronautics(31)
    • Automobile(27)
    • Banking(29)
    • CAVIE Members News(36)
    • Defense(36)
    • Education(28)
    • Energy(34)
    • Food and Agriculture(41)
    • Insurance(26)
    • News(31)
    • Non classé(14)
    • Pharmaceutical Industry(37)
    • Press(144)
    • Public Works(26)
    • Raw Materials(28)
    • Sectors(0)
    • Telecommunications(33)

    recent post

    André FLAHAUT receives Guy GWETH and Christian NYOMBAYIRE in the Belgian Parliament
    25 May 2022
    Guy GWETH invited to the publication of the EYES report at the UNIDO office in Brussels
    25 May 2022
    The Estates General of Francophone Economic Intelligence will take place on 19-29.10.2023 in Brussels
    25 May 2022
    The 1st edition of the Festival of Francophone Economic Intelligence will take place on 15-16.11.2022 in Tunis
    25 May 2022

    Direct Links

    • A center for 54 States
    • 12 Sectors under surveillance
    • Become a certified expert
    • Become a Member
    • Become a Donor

    Gallery

    VIMAIII
    JAIE2019 (8)
    JAIE2019 (7)
    JAIE2019 (6)
    JAIE2019 (5)
    JAIE2019 (4)
    B.P : 35605 Yaoundé Cameroun
    (237) 242 003 106
    (237) 243 744 462
    welcome[a]cavie.org
    contact[a]cavie.org
    COPYRIGHT © 2018. | PRIVACY POLICY | ALL RIGHTS RESERVED