Crisis-hit Zambia secures $1.3bn IMF loan to rebuild stricken economy

Austerity measures have seen spending on public services in Zambia fall by 21% between 2019 and 2021. Photograph: Tsvangirayi Mukwazhi/AP

Austerity measures have seen spending on public services in Zambia fall by 21% between 2019 and 2021. Photograph: Tsvangirayi Mukwazhi/AP

source https://www.theguardian.com/global-development/2022/sep/02/crisis-hit-zambia-secures-13bn-imf-loan-to-rebuild-stricken-economy