- From Reuters on Wednesday April 11 2007 -
The sale of nearly half of state-owned Zambia National Commercial Bank (Zanaco) to dutch bank Rabobank, has dragged on for nine years and has been surrounded by controversy after the International Monetary Fund (IMF) placed the privatisation of the bank as one of the conditions for Zambia's access to IMF loans.
The Zambia Development Agency (ZDA), which is supervising the sale, said the purchase price for Zanaco was based on the bank's financial ass
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