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Zambia Prepares Ground for `Inevitable’ Post-Vote IMF Aid
LUSAKA, Zambia, Capital Markets in Africa — Zambia, reeling from a copper-price slump and a power shortage, is readying for “inevitable” assistance from the International Monetary Fund that may be finalized in December, Treasury Secretary Fredson Yamba said. A deal will only come after general elections set for Aug. 11 and until then, the government will work on lowering electricity and fuel subsidies that the fund last month estimated could cost the southern African nation $660 million a year, Yamba…
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