On Friday (June 17), China urged the International Monetary Fund (IMF) to approve and disburse a US$1.4 billion bailout package for Zambia. “The Chinese side appeals for the IMF’s early approval and disbursement of the ECF [Extended Credit Facility] to Zambia,” said Wu Peng – director-general of the department of African Affairs at China’s foreign ministry- after a courtesy call to the Zambian President Hakainde Hichilema in Lusaka.

For more information, please see https://www.ecofinagency.com/public-management/2006-43680-china-calls-for-early-approval-and-disbursement-of-zambias-ecf