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Posts tagged as “IMF”

International Monetary Fund (IMF)

Veep worried about further risk of crop failure

By JAMES KUNDA – VICE-PRESIDENT W.K Mutale-Nalumango has expressed concern that the country may experience further crop failure from the regions that had good rains but are now experiencing flooding.Ms Mutale-Nalumango has since appealed to institutions such as the International Monetary Fund (IMF) to help Zambia with support to implement early warning weather systems so […]

IMF nods disbursement of $187m to Zambia

By CHUSA SICHONE – THE International Monetary Fund (IMF) Executive Board has completed the second review of the Extended Credit Facility (ECF) for Zambia, resulting in the disbursement of approximately US$187 million.This marked the second successful review following the approval of the first review made in July, 2023, which enabled the disbursement of about US$188 […]

Debt talks with private creditors on next month

By JAMES KUNDA – GOVERNMENT is scheduled to open talks with the country’s private creditors beginning next month, as it aims to consolidate the debt restructuring programme.And the International Monetary Fund (IMF) says Zambia has attained all the quantitative targets and nine out of 10 of the reform targets under the US$1.3 billion Extended Credit […]

Zambia, IMF agree on more bailout funds

By JOSEPH BANDA – ZAMBIA and the International Monetary Fund (IMF) have reached a Staff- Level Agreement (SLA) on economic and financial policies that will enable the country access US$188 million of the US$1.2 billion bailout package.The SLA was subject to approval by the IMF management and board before the US$ 188 million, which would […]

IMF arrives to review Zambia’s debt programme

By JOSEPH BANDA and KETRA KALUNGA   – AN International Monetary Fund (IMF) mission is in the country for the first review of Zambia’s programme under an Extended Credit Facility (ECF) arrangement, and Article IV consultations. 

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IMF boss optimistic

By JAMES MUYANWATHERE is great optimism that the Zambian economy will continue to rebound and grow even in the light of afew challenges it may be facing. Read more

IMF Bailout – Zambia’s Biggest 2022 Economic Feat

[Times of Zambia] AS we continue highlighting some of the economic issues which were covered this year, today we focus on the International Monetary Fund (IMF)-bailout feat.

IMF tips Africa to boost investment in agro sector

By MAIMBOLWA MULIKELELA – AFRICAN governments must enhance public investment in the agricultural sector, in form of well-targeted subsidies to facilitate access to inputs by farmers, for the sector to remain resilient to external shocks.

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Take advantage of IMF three-year deal, economist urges

By KENNEDY MUPESENI-AN economist has said the country should take advantage of the International Monetary Fund (IMF) three-year deal that will be characterised by improved confidence in the economy to boost key sectors of the economy such as agriculture and manufacturing.Mathews Muyembe also said fiscal prudence and policy consistency has earned the country an IMF […]

IMF Has Changed – Hichilema

[Times of Zambia] President Hakainde Hichilema, who is seeking to ratify a $1.4 billion bailout package from the International Monetary Fund (IMF), says controversy about borrowing from multilateral organisations is often driven by outdated ideas of ho...

IMF Deal Eluded Ruling Party Administration

[Times of Zambia] The question of whether to engage International Monetary Fund (IMF) for funded programme or not has been outstanding for some time now.

Someone Had to Deal With Subsidy Issue

[Times of Zambia] On Friday last week, the IMF and Zambia reached a staff level agreement on a U.S.$1.4 billion debt bailout package.

Country Braces for IMF Crunch Talks

[DW] Zambia has been gearing up for talks with the IMF after becoming the first African nation to default on debt since the COVID-19 pandemic started. But analysts say an IMF loan is unlikely until after August elections.

IMF Completes High-Level Staff Visit to Zambia

[IMF] Following Zambia's request for a financing arrangement with the International Monetary Fund (IMF), Mr. Abebe Aemro Selassie, Director of the IMF's African Department, and Mr. Alex Segura-Ubiergo, mission chief for Zambia, visited Lusaka from Dece...

High-Level IMF Staff Team Visits Zambia

[IMF] The Zambian authorities have formally requested a financing arrangement with the International Monetary Fund (IMF) to support their reform efforts. The Fund is currently assessing this request.

Lungu Calls for Speedy Conclusion of IMF Talks

[Times of Zambia] President Edgar Lungu has called for a speedy conclusion of negotiations on Zambia's impending programme with the International Monetary Fund (IMF).

Chibamba Kanyama Explains IMF Advice

[Times of Zambia] "The IMF has done its Debt Sustanability Assessment for Zambia and I suspect it is of the view that additional non-concessional loans to the country are presently unsustainable. Debt sustainability in IMF terms simply means your curre...