Friday 29 February 2008

IMF end of mission release steps back a bit

Cho's New Zambia blog has posted the IMF end of mission report on Zambia. If not a whole hearted endorsement (what did you expect...) it is a bit more careful than the statements from mission members I reported the other day. Instead of expressing a preference for negotiation, it notes.

"The proposed fiscal regime for the mining sector is expected to generate substantial additional government revenue. In implementing the new regime, particular care needs to be taken to maintain Zambia's attractiveness as a destination for mining investment."

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