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.
At a Glance: Zambia's Relations with the IMF
- Current membership: 188 countries
- Zambia joined the Fund on September 23, 1965; Article VIII
- Total Quotas: 489.10 Million (As of February 28, 2015)
- Loans outstanding: ECF Arrangements SDR 227.12 Million (As of February 28, 2015)
- Last Article IV Consultation: The last Article IV Executive Board Consultation was on May 20, 2015. (Press Release: IMF Executive Board Concludes 2015 Article IV Consultation with Zambia)
News and Highlights
January 21, 2016
August 4, 2015
Joint Conference with GRZ and its Cooperating Partners. Mulungushi Conference Center, Lusaka, November 24-25, 2014
April 8, 2015
GRZ/ILO/IMF National Conference; New Government Complex; Lusaka, May 21-22 2012
May 4, 2012
Press Release; May 31, 2011
May 31, 2011
Zambia and the IMF
December 22, 2015
Author/Editor: Corinne Deléchat ; Ejona Fuli ; Dafina Mulaj ; Gustavo Ramirez ; Rui Xu
Series: Working Paper No. 15/268
December 3, 2015
November 20, 2015
October 9, 2015
September 10, 2015
Inflation can determine a currency’s purchasing power as high inflation means rising prices. But what drives inflation differs from region to region. In this podcast we talk with Oral Williams, IMF Mission Chief for Malawi and coauthor of a new research paper that shows the drivers of inflation are changing in sub-Saharan Africa.
Regional Economic Outlook for Sub-Saharan AfricaGrowth in sub-Saharan Africa has weakened after more than a decade of solid growth, although this overall outlook masks considerable variation across the region. Some countries have been negatively affected by falling prices of their main commodity exports. Oil-exporting countries, including Nigeria and Angola, have been hit hard by falling revenues and the resulting fiscal adjustments, while middle-income countries such as Ghana, South Africa, and Zambia are also facing unfavorable conditions. This October 2015 report discusses the fiscal and monetary policy adjustments necessary for these countries to adapt to the new environment. Chapter 2 looks at competitiveness in the region, analyzing the substantial trade integration that accompanied the recent period of high growth, and policy actions to nurture new sources of growth. Chapter 3 looks at the implications for the region of persistently high income and gender inequality and ways to reduce them.
Departmental Papers on Africa
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.
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.