April 18, 2017 / 5:12 PM / in 9 months

Zambia expects to agree possible $1.2 bln IMF programme this month

LUSAKA, April 18 (Reuters) - Zambia, hard hit by depressed copper prices amid rising political tensions, is on the verge of agreeing to a programme with the International Monetary Fund (IMF) that could be worth $1.2 billion, the presidency said on Tuesday.

“All the key elements of the programme are expected to be agreed by the end of this month. The first proposal by the IMF was $1.2 billion but this may change,” presidential spokesman Amos Chanda told journalists. (Reporting by Chris Mfula; writing by Ed Stoddard; editing by Andrew Roche)

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