{
  "title": "IMF Staff Concludes Visit to Zambia",
  "publication": "IMF News, December 8, 2022",
  "sourceUrl": "https://www.imf.org/en/news/articles/2022/12/08/pr22420-imf-staff-concludes-visit-to-zambia",
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  "summary": "IMF Staff Concludes Visit to Zambia",
  "publishDate": "2022-12-08",
  "sections": [
    {
      "heading": "Visit overview",
      "content": "- Press Release No. 22/420\n- Location and timing: Lusaka, from November 30 to December 7, 2022\n- Mission type: IMF staff visit; End-of-Mission press release conveying preliminary findings\n- Governance note: \"The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. This mission will not result in a Board discussion.\""
    },
    {
      "heading": "Mission leadership and contacts",
      "content": "- Mission Chief for Zambia: Ms. Allison Holland\n- IMF Communications Department — MEDIA RELATIONS\n  - PRESS OFFICER: Nicolas Mombrial\n  - Phone: +1 202 623-7100\n  - Email: MEDIA@IMF.org\n  - Twitter: @IMFSpokesperson"
    },
    {
      "heading": "Key findings and assessment",
      "content": "- Macroeconomic and financial sector developments discussed during the visit.\n- Macroeconomic resilience:\n  - \"Against an increasingly challenging global economic backdrop, the Zambian economy appears to have remained relatively resilient and inflation has remained in single digits for longer than expected.\"\n- Program implementation:\n  - IMF staff \"took stock of the authorities’ promising progress in meeting key commitments under the Fund-supported program.\"\n  - Formal assessment timing: \"This will be formally assessed in the context of the first review of the Extended Credit Facility arrangement, which is expected to be undertaken in Spring 2023.\""
    },
    {
      "heading": "Debt restructuring and recommendations",
      "content": "- Debt talks status:\n  - Staff \"discussed progress on debt restructuring talks, noting the ongoing discussions with creditors on resolving technical issues.\"\n- Policy emphasis:\n  - \"Achieving timely restructuring agreements with external creditors is essential to secure the expected benefits of the Fund-supported program.\""
    },
    {
      "heading": "Stakeholders met",
      "content": "- The team met with:\n  - President Hakainde Hichilema\n  - Minister of Finance and National Planning Situmbeko Musokotwane\n  - Minister of Green Economy and Environment Collins Nzovu\n  - Senior government officials\n  - Members of the private sector\n  - CSOs and development partners"
    },
    {
      "heading": "Closing remarks from the mission chief",
      "content": "- Ms. Allison Holland: \"I would like to thank the authorities for the open and collaborative discussions and look forward to our continued close engagement.\"\n\nIMF Staff press statement (December 8, 2022).\n\n---\n\n\n References\n\n- Zambia and the IMF\n- Press Releases\n- PRESS CENTER\n- the Fund-supported program\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2022/12/08/pr22420-imf-staff-concludes-visit-to-zambia"
    }
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    "Published: December 8, 2022",
    "Press Release No. 22/420",
    "Location and timing: Lusaka, from November 30 to December 7, 2022",
    "Mission type: IMF staff visit; End-of-Mission press release conveying preliminary findings",
    "Governance note: \"The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. This mission will not result in a Board discussion.\"",
    "Mission Chief for Zambia: Ms. Allison Holland",
    "IMF Communications Department — MEDIA RELATIONS",
    "Macroeconomic and financial sector developments discussed during the visit.",
    "Macroeconomic resilience:",
    "Program implementation:",
    "Debt talks status:",
    "Policy emphasis:",
    "The team met with:",
    "Ms. Allison Holland: \"I would like to thank the authorities for the open and collaborative discussions and look forward to our continued close engagement.\"",
    "[Zambia and the IMF](http://www.imf.org/external/country/ZMB/index.htm)",
    "[Press Releases](https://www.imf.org/en/news/searchnews)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[the Fund-supported program](https://www.imf.org/en/Publications/CR/Issues/2022/09/06/Zambia-Request-for-an-Arrangement-Under-the-Extended-Credit-Facility-Press-Release-Staff-523196)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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