Statement by IMF Mission Chief for Zambia, Boileau Loko

IMF staff will visit Lusaka during July 24–27 for a technical visit to collect key fiscal and debt data to start updating the macro-framework. The mission will inquire on the specifics and impact of recently announced fiscal consolidation measures on the 2018 budget and the country’s debt position. The next Article IV Consultation mission is tentatively scheduled for October 2018.

Statement by IMF Mission Chief for Zambia, Boileau Loko:

“We look forward to the implementation of the measures announced by the government to start addressing Zambia’s fiscal imbalances and debt sustainability issues.”
-- Mr. Boileau Loko, Mission Chief for Zambia


This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Zambia and the IMF. Additional information can be found on Zambia and IMF country page, including official IMF reports and Executive Board documents in English that deal with Zambia.

Back to Top

At a Glance

Back to Top

Office Activities

More

Back to Top

IMF's Work on Zambia

More

May 8, 2018

Domestic Revenue Mobilization and Private Investment

Sub-Saharan Africa is set to enjoy a modest growth uptick, and decisive policies are needed to both reduce vulnerabilities and raise medium-term growth prospects. Average growth in the region is projected to rise from 2.8 percent in 2017 to 3.4 percent in 2018, with growth accelerating in about two-thirds of the countries in the region aided by stronger global growth, higher commodity prices, and improved capital market access. On current policies, average growth in the region is expected to plateau below 4 percent—barely 1 percent in per capita terms—over the medium term. Turning the current recovery into sustained strong growth consistent with the achievement of the SDGs would require policies to both reduce vulnerabilities and raise medium-term growth prospects. Prudent fiscal policy is needed to rein in public debt, while monetary policy must be geared toward ensuring low inflation. Countries should also strengthen revenue mobilization and continue to advance structural reforms to reduce market distortions, shaping an environment that fosters private investment.

  Read the Report

Back to Top

Departmental Papers on Africa

Africa Departmental Papers Cover The Departmental African Paper Series covers research on Sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Back to Top

IMF Opens Africa Training Institute in Mauritius

The International Monetary Fund (IMF) on June 26, 2014 opened the Africa Training Institute (ATI) in Ebene, Mauritius, adding an important regional center to a global network of centers helping to develop countries' policymaking capacity by transferring economic skills and best practices.