Zambia’s government walks perilous path in subsidizing fuel and aiming to win IMF bailout
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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…

China cancels DR Congo’s debt
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China cancels DR Congo’s debt

Democratic Republic of Congo has received debt relief from China to aid it overcome growing economic fallout from the coronavirus pandemic, the foreign ministry announced. Under the terms of the agreement, Congo will no longer be mandated to repay its interest-free loans from China that matured at the end of 2020. At a joint press…