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The Post are reporting that Zambia collected $4bn in taxes last year. Either the author was drunk at the time of writing or Fundanga was drunk when he was being interviewed. I rule out the possibility that both were sober throughout the process. Read more here.
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The New Zambia blog discusses the recent surge of the local currency. There are fears that this is sign of a Dutch disease: the country's industrial structure could be significantly shifted towards natural resource extraction as exchange rates make other exports impossible. Also, it is hypothesized...
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An interesting fact sheet on migration and remittances.
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The IMF has agreed a new three-year financing package to help Zambia cut poverty and the country could borrow up to $150 million per year and still sustain its debt position, officials said on Thursday. Finance Minister Ng'andu Magande and the International Monetary Fund said in separate statements...
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An International Monetary Fund (IMF) mission to Zambia, led by Mr. Francesco Caramazza, released the following statement in Lusaka today: "An IMF mission visited Zambia during February 13-27, 2008 to continue discussions on an economic program that could be supported by the IMF. The mission met...