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By Reuters Staff

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LUSAKA, May 10 (Reuters) - Zambia’s finance ministry said on Monday that it had reached a broad agreement with the International Monetary Fund on macroeconomic parameters, fiscal targets and policy objectives, during negotiations over a potential loan.

The agreement will allow for progress in preparing debt restructuring talks under a common framework backed by the Group of 20 major economies as well as with commercial creditors, the ministry added in a statement.

“We are committed to securing an IMF programme,” Zambia’s Finance Minister Bwalya Ng’andu said.

Reporting by Chris Mfula and Nqobile Dludla Writing by Alexander Winning Editing by Joe Bavier

Our Standards: The Thomson Reuters Trust Principles.

All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.


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