IMF director warns Zambia on Chinese investment

Dominique Strauss-Kahn, the Managing Director of the International Monetary Fund (IMF) has advised Zambia to weigh Chinese investment on its real benefits to the country.

The IMF boss made the warning Thursday  when he met Finance Minister Situmbeko Musokotwane.

Strauss-Kahn who arrived in the country on Wednesday said he did not, “in principle … see any kind of problem in receiving investment from China.”

But added that “But these kind of deals should be beneficial.”

Chinese investment in Zambia to date stands at about 1 billion US dollars, making it by far the biggest investor.

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