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Posts tagged as “International Monetary Fund”

IMF chief hails Zambia’s SCT programme

By JOSEPH BANDA – INTERNATIONAL Monetary Fund (IMF) managing director Kristalina Georgieva says Zambia’s Social Cash Transfer (SCT) programme is a positive benchmark for other parts of the continent.Read more

US hopeful about Zambia’s debt restructuring quest

By JAMES KUNDA – THE United States (US) has expressed happiness with Zambia’s performance under the US$1.3billion external credit facility of the International Monetary Fund (IMF) obtained last year. Read more

Expert lauds IMF Staff Level Agreement

By CHATULA KANGALITHE Staff Level Agreement (SLA) reached between Zambia and the International Monetary Fund (IMF) signifies key developmental patterns that the country has taken in ensuring stability, social economist Kelvin Chisanga has observed. Read more

More IMF assurance on debt restructuring

By FELIX NKINKE – AS hope over a restructuring programme continues, the International Monetary Fund (IMF) has given fresh assurance that China will support a debt restructuring programme for Zambia.IMF managing director Kristalina Georgieva told the AFP yesterday that on her recent high-level trip to China, she got assurances that China will respect its commitment […]

Debt deal in fresh hope as Zambia meets targets

By JAMES KUNDA – ZAMBIA has scored a 100 per cent mark on the implementation of benchmarks set under the U$1.3billion International Monetary Fund (IMF) economic recovery support programme obtained in August, 2022. Read more

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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‘Zambia can be answer to food insecurity’

By CHATULA KANGALI – THE International Monetary Fund (IMF) has urged Zambia to be a spotlight for agriculture exports as the world faces food insecurity, because the country has good soils and favourable climate. Read more

IMF Chief Praises Zambia’s Reforms, Pushes Creditors On Debt

[VOA] Lusaka -- The head of the International Monetary Fund is praising Zambia's efforts to reform its economy and urging its creditors to restructure the country's debts. Zambia was the first African country to default on its sovereign debt in the COV...

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 bailout: Zambia’s biggest 2022 economic feat

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.In my view, Zambia’s acquisition of the IMF programme was one of the biggest economic feats, if not the biggest one posted in 2022.This is because apart from availing some resources to […]

Zambia still best performer – StanChart

By MAIMBOLWA MULIKELELA-ZAMBIA continues to record a single digital inflation making it out in Africa as one of the best performing countries in the region with a stable currency and the approval of the International Monetary Fund (IMF).

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South Korean ex-minister lauds Zambia’s IMF programme

By JAMES KUNDA-IMMEDIATE past South Korean Trade Minister Yeo Han-Koo has welcomed the International Monetary Fund (IMF) programme for Zambia and urge creditors to support the country’s ongoing debt restructuring programme.And Mr Yeo has urged the cou...

Govt assures bondholders on debt relief terms

By JAMES KUNDA-THE Government has told investors that it hopes to agree debt relief terms with official creditors by the end of this year or early next year.In a presentation made to holders of Zambia’s three Eurobonds on Friday, the country reveals that a present value reduction of $6.3 billion, or 49 per cent of […]

Creditors should agree on comparable terms – FNB

By MAIMBOLWA MULIKELELA-ZAMBIA’S Official Creditor Committee (OCC) is expected to agree on comparable terms that will support the country’s broader goal of fiscal sustainability.This follows the subsequent provision of financing assurances by the OCC last month and the International Monetary Fund (IMF) board approval for the three-year US$1.3 billion Extended Credit Facility (ECF) for Zambia. […]

IMF releases details of Zambia deal

By JAMES KUNDA-THE International Monetary Fund (IMF) has released the country report for Zambia containing most of the information on the recently approved Extended Credit Facility (ECF) to the southern African country.According to the comprehensive report, Zambia and the IMF have agreed that the country enhances social sector spending while ensuring fiscal discipline to restore […]