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
- Current IMF membership: 189 countries
- Zambia joined the Fund on September 23, 1965; Article VIII
- Total Quotas: 978.20 Million (As of April 30, 2016)
- Loans outstanding: ECF Arrangements SDR181.29 Million (As of April 30, 2016)
- 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)
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
IMF's Work on Zambia
June 13, 2016
Author/Editor: Christine Dieterich ; Anni Huang ; Alun H. Thomas
Series: Working Paper No. 16/118
June 8, 2016
Author/Editor: Dalia Hakura ; Mumtaz Hussain ; Monique Newiak ; Vimal Thakoor ; Fan Yang
Series: Working Paper No. 16/111
June 2, 2016
April 27, 2016
April 15, 2016
Regional Economic Outlook
After an extended period of strong economic growth, many sub-Saharan African countries have been hit by a multiple of shocks—the sharp decline in commodity prices, tighter financing conditions, and a severe drought in southern and eastern Africa. Growth fell in 2015 to its lowest level in some 15 years and is expected to slow further to 3 percent in 2016. The growth performance, however, differs across countries, with most oil importers faring reasonably well. The region’s medium-term prospects remain favorable but many countries urgently need to reset their policies to reinvigorate growth and realize this potential. To this end, countries should adjust fiscal policies, and for those outside monetary unions, exchange rate flexibility, as part of a wider policy package, should also generally be part of the first line of defense. In the medium term, policies targeted at diversification and financial sector development could also strengthen resilience and boost growth.
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.