Data response (1)
Read the article The nation will not fall back into debt and then answer the questions below.
The article refers to the government imposing a windfall tax on mining companies in Zambia. Explain the concept of a windfall tax.
Identify the reasons why the Zambian government imposed a windfall tax on the mining companies.
Explain, using evidence from the article, why the Zambian government does not consider its debt situation too problematic.
Examine the conditions multilateral agencies, such as the IMF or World Bank, could require the Zambian government to adopt if they were approached for a concessionary loan, and the rationale for doing so.