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.

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At a Glance

  • Current IMF membership: 190 countries
  • Zambia joined the Fund on September 23, 1965; Article VIII
  • Total Quotas: 978.2 million (As of April 30, 2016)
  • Special Drawing Rights (SDR): 1339.68 million
  • Article IV/ Country Report: July 13, 2023

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Office Activities news

  • Resident Representative Office Event posted on Facebook - Read More.

    The IMF Office in Zambia hosted participants from the Bank of Zambia, the Zambia Revenue Authority, the Ministry of Finance, civil society organizations, and members of the Economic Association of Zambia for a discussion on the economic outlook for Zambia and the sub-Saharan Africa region.

    January 23, 2024

  • The IMF Office in Zambia event posted on Twitter - Read More.

    The IMF Office in Zambia hosted a discussion on the Regional Economic Outlook for Sub-Saharan Africa bringing together 170 participants from government, civil society, and academia to discuss opportunities and risks for Zambia and the region.

    January 23, 2024

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IMF's Work on Zambia

  • IMF Reaches Staff-Level Agreement on the Third Review of the Extended Credit Facility with Zambia

    June 3, 2024

    An International Monetary Fund staff team led by Mercedes Vera Martin, IMF mission chief for Zambia, held in-person discussions with the authorities in Lusaka from April 24 to May 7. Discussions were focused on the authorities’ reforms and policy priorities in the context of the third review of Zambia’s 38-month IMF-supported program under the Extended Credit Facility (ECF).

  • Transcript of IMF Press Briefing

    May 16, 2024

    Good morning, everyone, both to those of us here in person and also those joining us online. Welcome to this IMF Press Briefing. I am Julie Kozack, Director of Communications at the IMF. As usual, this briefing is embargoed until 11:00 a.m. Eastern Time in the U.S. I will start with some announcements and then we'll move to your questions in person, on Webex, or through the Press Center.

  • IMF Managing Director Kristalina Georgieva Statement to the Financial Community on Zambia

    May 13, 2024

    Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement about Zambia to Members of the Financial Community today

  • IMF Staff Completes Mission to Zambia

    May 9, 2024

    An International Monetary Fund (IMF) mission team led by Ms. Vera Martin visited Lusaka from April 24th to May 7th, 2024, to discuss economic and financial policies that could underpin the approval of the Third Review under the Extended Credit Facility (ECF)-supported arrangement

  • Transcript of African Department April 2024 Press Briefing

    April 19, 2024

    Good morning and good afternoon and good evening for our viewers around the world. I am Tatiana Mossot with the IMF Communication department.

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Regional Economic Outlook

April 19, 2024

A Tepid and Pricey Recovery

After four turbulent years, the outlook for sub-Saharan Africa is gradually improving. Growth will rise from 3.4 percent in 2023 to 3.8 percent in 2024, with nearly two thirds of countries anticipating higher growth. Economic recovery is expected to continue beyond this year, with growth projections reaching 4.0 percent in 2025. Additionally, inflation has almost halved, public debt ratios have broadly stabilized, and several countries have recently issued Eurobonds, ending a two-year hiatus from international markets. However, not all is favorable and risks to the outlook remain tilted to the downside. The funding squeeze persists as the region’s governments continue to grapple with financing shortages, high borrowing costs, and impending debt repayments. Amid the challenges, sub-Saharan African countries will need additional support from the international community to develop a more inclusive, sustainable, and prosperous future.
Read the Report

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Fraudulent Scam Emails Using the Name of the IMF

We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. The contact e-mail information is always BOGUS and unsuspecting individuals are then requested to send their personal banking details which the scammers utilize for their fraudulent activities.
For more information please see Fraudulent Scam Emails Using the Name of the IMF

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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.