IMF Completes Virtual Staff Visit to Zambia
IMF News, October 4, 2021
Source details
- Canonical URL
- IMF Completes Virtual Staff Visit to Zambia
Other formats
Bibliographic details
- Published: October 4, 2021
Visit overview
- Press Release No. 21/285
- Date: October 4, 2021
- IMF Communications Department, MEDIA RELATIONS
- PRESS OFFICER: Meera Louis
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- IMF team led by Ms. Allison Holland, Mission Chief for Zambia
- Virtual meetings held from September 27 to October 1, 2021
Meetings and participants
- The team met with Finance Minister Situmbeko Musokotwane
- The team met with Acting Governor of the Central Bank Francis Chipimo
- The team met with other senior government officials
Substantive findings and priorities from Ms. Allison Holland’s statement
- Welcomed the opportunity to hear an update on recent fiscal and macroeconomic developments
- Noted the new authorities’ reform priorities that focus on:
- restoring macroeconomic stability
- re-establishing fiscal and debt sustainability
- generating growth
- improving human development
- Emphasized the deeply challenging macro-economic environment and the urgent need to:
- take steps to restore sustainability
- protect the vulnerable
- create more inclusive growth
- Observed that discussions provided a better understanding of how the authorities’ reform priorities are informing their 2022 Budget preparations
- Indicated: “We look forward to discussions on a Fund-supported program in the near future.”
Excerpted from IMF press release.