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The IMF Assitance to Zambia

In December 2021, the IMF team reached a staff-level agreement with the Zambian authorities on a new arrangement under the Extended Credit Facility (ECF) for 2022-2025 in the amount of about SDR 980 million or USD 1.4 billion to help restore macroeconomic stability and provide the foundation for an inclusive economic recovery.

The government’s ambitious reform program, supported by the IMF, seeks to restore fiscal and debt sustainability, create fiscal space for much-needed social spending, and strengthen economic governance and transparency.

To complement the authorities’ strong reform program a comprehensive debt treatment under the G20 Common Framework is needed to restore debt sustainability.

The IMF Executive Board’s consideration of this agreement is subject to progress on this front.

IMF Zambia
3 minute read

IMF Completes Sixth Review of Zambia Extended Credit Facility, Approves USD 190 million with GDP Growth Projected at 5.8% and Inflation at 9.3% in 2026

The International Monetary Fund has completed the sixth and final review of Zambia’s Extended Credit Facility, approving a USD 190 million disbursement and bringing total programme support to USD 1.7 billion. The Fund estimates GDP growth at 5.2% in 2025, driven by strong mining activity and record maize production, and projects growth of 5.8% in 2026, supported by improved electricity generation and continued expansion in mining and services, while inflation is projected to decline to 9.3%.
January 28, 2026
IMF Zambia
2 minute read

IMF Projects Zambia’s GDP to Reach 5.2% in 2026, Citing Economic Resilience, Eased Inflation, and Reform Progress in 2025 Extended Credit Facility Review

The IMF concluded its 2025 review of the Extended Credit Facility with Zambia, projecting GDP growth of 5.2% in 2026 following 4.5% growth in early 2025. The IMF cited easing inflation, improved liquidity, strong investor demand, and steady reform progress in governance, fiscal management, and private sector participation.
November 10, 2025
Zambia economy IMF
2 minute read

IMF Ready to Support Zambia

The International Monetary Fund (IMF) announced that it stands ready to support Zambia and its people as needed…
November 3, 2016