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Zambia’s government walks perilous path in subsidizing fuel and aiming to win IMF bailout
Zambia’s government has put itself between the proverbial “rock and a hard place” after it announced that it will further subsidize fuel prices risking the ire of the International Monetary Fund with whom they have been discussing a financial bailout before the upcoming August’s elections. The finance ministry removed a 16% value-added tax on gasoline…