IMF -- Resident Representative Office in Zambia

Victoria Falls, Zambia

Victoria Falls, Zambia (Picture by Jaamzp)

Zambia Resident Representative Site

Resident Representative Office in Zambia

July 1, 2009

This web page provides information in 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: 186 countries
Zambia joined the Fund in Joined: September 23, 1965; Article VIII
Total Quotas: 489.10 Million (As of September 30, 2007)
Loans outstanding: PRGF Arrangements SDR 55.02 Million
Last Article IV Consultation: The last Article IV Executive Board Consultation was on December 7, 2007. (Country Report No. 08/41, January 30, 2008)

News and Highlights

IMF Pledges Stronger Partnership to Help Africa Through Crisis

IMF head Dominique Strauss-Kahn, at the end of a trip to the Democratic Republic of Congo and Côte d’Ivoire, pledges a stronger partnership with African countries to prevent the global economic crisis undoing years of progress in their fight against poverty.

Crisis Threatens Millions in Africa, Ministers Say

African Finance Ministers welcome commitments to increase resources for developing countries, but caution that assistance was needed quickly if Africa is to contain the impact of the global economic crisis.

IMF to Assist Africa Hit Hard by Global Downturn

Despite weaker financial linkages with the rest of the world than many other regions, Africa is likely to be hard hit by the global economic downturn, putting at risk the progress made across the continent in recent years, the IMF says.

Zambia and The IMF

Press Release: Statement at the Conclusion of an IMF Staff Mission to Zambia

October 28,2009

Transcript of the Fourth Pillar Meeting, Istanbul Convention, Center Taksim Meeting Room

October 19,2009

Press Release: Statement at the Conclusion of an IMF Staff Mission to Zambia

September 4,2009

Zambia: First and Second Reviews of the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waivers of Nonobservance of Performance Criteria, and Augmentation of Access - Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director of Zambia

June 16,2009
Series: Country Report No. 09/188

Zambia -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, April 08, 2009

June 16,2009
PDF File Size: 406Kb

Regional Economic Outlook for Sub-Saharan Africa

image from the publication cover

Sub-Saharan Africa has been hit hard by the global recession, but signs of resilience remain. While South Africa and some other middle-income countries were caught in the turbulence of international financial markets, and oil exporters saw government revenues plunge, some countries with wider commodity bases have so far escaped the worst of the crisis. Also, and reassuringly, with stronger initial fiscal and external positions than in past downturns, most countries in the region have been able to partially absorb external shocks by allowing fiscal deficits to rise and reducing interest rates. Exchange rates have generally been allowed to adjust. With many families affected by the crisis, however, progress toward the Millennium Development Goals has receded. Looking ahead, fiscal policy must balance support for the recovery with enhancing future growth prospects, debt sustainability, and poverty reduction. Published biannually in May and October.

Resident Representative for Zambia

Birgir Arnason
5199 United Nations Avenue
P.O. Box 50846
Lusaka
Telephone: 260-211-254716
Fax: 260-211-253485
E-mail: rr-zmb@imf.org