of its foreign exchange reserves to intervene in the exchange rate mechanism. To continue to do so, however, would jeopardize Zambia's debt relief. Zambia qualified for HIPC debt relief in 2000, contingent upon the country meeting certain performance criteria, and this should offer a long-term solution to Zambia's debt situation. 2001–2010 On 2 January 2002, MMD's Levy Mwanawasa won the Presidential election which many observers claimed had actually been won by the opposition. In January 2003, the Zambian Government informed the International Monetary Fund and World Bank that it wished to renegotiate some of the agreed performance criteria calling for privatization of the Zambia National Commercial Bank and the national telephone and electricity utilities. Foreign investors liked Mwanawasa, owing partly to his anti-corruption drive. During his presidency, Zambia received foreign investment. The main driver of economic growth was minerals. Mwanawasa's policies helped to lower inflation to single digits in 2006, a record the country had not seen in over 25 years, and spread some benefits to the poor. Tourists and white farmers diverted from Zimbabwe and helped the Zambian economy. The policies turned the Zambian town of Livingstone, near Victoria Falls, into a tourist hub. Zambia received a relatively large amount of aid and debt relief because of liberalisation and Mwanawasa's efforts. Overall, economic growth increased to about 6% per year. After Mwanawasa suffered a stroke while attending an African Union summit in Egypt on 29 June 2008, Rupiah Banda became acting president and subsequently President. With divisions within the MMD, Banda promised to "unite the party and the entire nation" and to "continue implementing [Mwanawasa's] programs". Though, after taking office, Banda dismantled much of the anti-corruption effort put into place by his predecessor, Mwanawasa. This, compounded with the effects of the Global Financial crisis of 2007–2008 led to a sustained period of increased inflation. 2011–2020 In September 2011, the social democrat, Michael Sata led the Patriotic Front (PF) to victory with a vow to improve conditions for their Zambian employees. Though known to previously oppose Chinese investment, he declared his change in perspective prior to his election victory. Sata died on 28 October 2014 and was succeeded by Edgar Lungu. The period, saw an infrastructure boom with the development of the Kafue Gorge Lower Power Station, two multi-purpose stadiums, Levy Mwanawasa Stadium and National Heroes Stadium, expansions of the Kenneth Kaunda International Airport, the Harry Mwanga Nkumbula International Airport