COVID-19
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COVID-19 AND THE WAR IN UKRAINE
News & Publications
Zambia: Sixth Review Under The Extended Credit Facility Arrangement, Request for a waiver of Nonobservance of a Quantitative Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Zambia
Despite external and domestic shocks, Zambia has corrected macroeconomic imbalances, reached agreement on most of the external debt under the perimeter of the debt restructuring, and undertaken sustained fiscal consolidation while safeguarding social spending. Economic activity has expanded in 2025 but at a slower pace than initially expected. Despite trending down amid a sharp kwacha appreciation, inflation remains elevated. The strong reform drive under the ECF arrangement has improved international investors’ confidence including through recent upgrades of the sovereign credit rating. Poverty and inequality remain high, and the economic outlook is vulnerable to external shocks, climate events, and domestic political pressures ahead of the 2026 elections.
CD Guidance Note
This CD Guidance Note provides a one-stop source of information and reference materials on Fund CD-related policies, practices, and procedures. In line with the Management Implementation Plan (MIP) on the Independent Evaluation Office’s (IEO) 2022 Evaluation of CD, this Guidance Note supersedes the 2019 IMF Policies and Practices on Capacity Development and serves to operationalize the recommendations of the 2024 CDSR. It also integrates relevant earlier guidance to staff related to CD delivery and management.
Global Economy Shakes Off Tariff Shock Amid Tech-Driven Boom
But risks are rising, including from the concentration of tech investment and the negative effects of trade disruptions, which may build over time
New Skills and AI Are Reshaping the Future of Work
Policy choices will determine whether workers and firms are adequately prepared for the AI revolution
Top 10 Blogs of 2025
Debt, Stablecoins, AI, and Global Economy’s New Era Drew Blog Readers
Top Five IMF Blog Charts of 2025
Chart of the Week visuals illustrate major developments during a year of uncertainty and resilience
How Stablecoins Can Improve Payments and Global Finance
New technology can foster innovation and financial inclusion, or cause fragmentation and turbulence in many countries
Better Economic Measurement Is About Wiser Use, Not Just More Data
Statistics are a means, not an end, that should serve the public by helping us see the world more clearly and make better decisions
Podcast: Navigating a More Fragile World
With shock upon shock hitting the world economy in the last three years, IMF Managing Director Kristalina Georgieva's customary opening speech to the Annual Meetings warned of a darker global outlook and emphasized the need for the world to come together to deal with the consequences.














