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Zambian President Haikainde Hichilema (picture) acquired the information he hoped for on Friday when the Worldwide Financial Fund introduced that it had granted preliminary approval for a $1.4 billion, three-year credit score facility to the economically beleaguered nation.
President Hichilema’s authorities has mentioned repeatedly that securing an IMF deal like that is vital to present Lusaka the wanted monetary respiration room so as to proceed with the remainder of the nation’s $27 billion of debt, greater than half of which is owed to international collectors.
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