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IMF says will continue talks with Zambia, progress made

·1 min read

LONDON, March 4 (Reuters) - The International Monetary Fund said on Thursday it would continue talks with Zambia over a programme though a number of challenges remained.

"Significant progress has been made and discussions are expected to continue in the next few weeks, following additional technical work on the appropriate policy package," the IMF said in a statement.

However, the IMF said there was still work needed towards implementing fiscal reforms to correct large fiscal imbalances, ramping up revenues and improving governance.

In a separate statement, Zambia's finance minister Bwalya Ng’andu said his government was committed to securing an IMF programme. (Reporting by Rodrigo Campos and Karin Strohecker, editing by Joe Bavier)