On Wednesday, the Zambian Government welcomed the conclusion of the IMF-supported Extended Credit Facility programme following the approval of the sixth and final review by the IMF Executive Board. The decision triggers an immediate disbursement of $190 million, bringing total funding under
the 38-month programme to $1.7 billion.
In a statement issued on Wednesday, the IMF noted that Zambia has maintained broadly sound macroeconomic policies and rebuilt policy credibility despite major external and domestic shocks.
Finance and National Planning Minister Situmbeko Musokotwane described the outcome as a key milestone, marking a transition from stabilisation to a growth-focused reform phase.
He said the completion of the programme demonstrates sustained reform implementation and strengthens fiscal discipline, while aligning with the government’s medium-term fiscal strategy. Musokotwane added that Zambia plans to engage the IMF on a successor programme to prioritise
growth, investment, job creation and expanded productive capacity.