The IMF/World Bank today published the Joint Staff Advisory Note on Zambia's FNDP, with some interesting comments on the mining contracts. It appears even they are getting wary of the current position:
Staffs commend the Government for taking steps to reform the fiscal regime of the mining sector while preserving Zambia as a competitive, credible, and attractive investment destination, but advocate the inclusion of an additional revenue-sharing mechanism that would capture a higher share of mineral rents for government during period of abnormally high international prices for minerals. Such a device is currently not part of the proposed reforms.With the "big two" having your back, there can only be one outcome even without the foreign consultant.
