The Post of Zambia reports that Zambia will only reach the HIPC completion point after it disposes of the Zambia National Commercial Bank, the IMFs African Department chief, David Andrews, said.
To justify the IMFs condition to have ZNCB sold, Andrews told the countrys Federation of Free Trade Unions vice-president Teza Nchinga who raised the issue of ZNCB that the institution was badly handled through government borrowing and that the bank had come to a point of virtual standstill with non-performing loans.
Kilde: www.worldbank.org
