IMF urges central banks to be independent after change of Zambia’s governor — The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington. REUTERS/Yuri Gripas

The International Monetary Fund is now calling upon central banks’ independence to be maintained, this is according to a statement in response to a change of Zambia’s central bank governor.

Zambian President Edgar Lungu on Saturday dismissed central bank governor Denny Kalyalya and replaced him with former deputy finance minister Christopher Mphanza Mvunga.

“Without credible institutions and sound policies, sustained economic growth and much-needed improvements in living standards will not be possible,” the IMF said.

Follow our socials Whatsapp, Facebook, Instagram, Twitter, and Google News.

IMF urges central banks to be independent after change of Zambia’s governor

IMF downgrades global growth forecast for 2025 amid escalating trade tensions

World Bank Lifts Ban On Nuclear Energy Financing

The Untold Struggles and Triumphs of African Students Pursuing One-Year Master’s Degrees in the UK

Bridging Worlds – A Tale Of Two Worlds

South Africa says alcohol abuse is hampering COVID-19 fight

Nigeria Reports 321 More COVID-19 Cases, Recoveries Near 40,000

Biafra: DSS Reveals What It'll Do To IPOB After Personnel's Death

Leave a Reply Cancel reply

Welcome Back!

Create New Account!

Retrieve your password