Zambia needs measures to lower deficit, restore confidence: IMF

LUSAKA (Reuters) - The implementation of measures to lower Zambia's fiscal deficit will go a long way towards restoring market confidence, the International Monetary Fund said on Friday. "The pressures on the economy have not only reflected the impact of external shocks but also the waning market confidence," the IMF said in a statement. "Fiscal discipline has been undermined by additional spending commitments that stand in contrast to lower-than-budgeted revenues.” (Reporting by Chris Mfu