IMF Staff Update on Discussions with the Zambian Authorities on a New Extended Credit Facility
IMF News, May 10, 2021
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- IMF Staff Update on Discussions with the Zambian Authorities on a New Extended Credit Facility
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Bibliographic details
- Published: May 10, 2021
Key developments from the April–May discussions
- The IMF mission continued discussions with the authorities during April-May on their request for an Extended Credit Facility (ECF).
- Building on earlier discussions in February-March, there was broad agreement on the macroeconomic framework.
- Notable progress was made in detailing the key policy measures to address the macroeconomic imbalances currently facing Zambia.
- The policy measures aim to enable a return to sustained growth with enhanced fiscal space for social and development spending.
- The Zambian authorities reaffirmed their continued commitment to reforms.
- The IMF looks forward to continuing ECF discussions as key measures are taken.
Tone and engagement
- Staff express their gratitude to the Zambian authorities for the constructive, determined, and frank engagement.
Practical contact details (as provided)
- Press Release No.: 21/126
- Date: May 10, 2021
- IMF Communications Department — MEDIA RELATIONS
- Press officer: Lucie Mboto Fouda
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- Twitter: @IMFSpokesperson
IMF Staff Update on Discussions with the Zambian Authorities on a New Extended Credit Facility, Press Release No. 21/126, May 10, 2021.