Zambia asks IMF for 'financing arrangement'

The International Monetary Fund has released a brief statement on the meeting with Zambia's President Edgar Lungu that we reported on earlier.

The meeting came after Zambia defaulted on debt repayment last month.

The IMF said that the "Zambian authorities have formally requested a financing arrangement... to support their reform efforts. The Fund is currently assessing this request."

This article originally appeared on BBC News

Photo: IMF