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IMF Staff Concludes Visit to Zambia
February 27, 2025
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IMF Communications Department
MEDIA RELATIONS
PRESS OFFICER: Kwabena Akuamoah-Boateng
Phone: +1 202 623-7100Email: MEDIA@IMF.org
Lusaka, Zambia: An International Monetary Fund (IMF) staff team, led by Mercedes Vera Martin, visited Zambia during February 19-25, 2025, as part of the Fund’s ongoing engagement with the Zambian authorities and other stakeholders.
At the conclusion of the visit, Mrs. Vera Martin issued the following statement:
“The mission team engaged with the Zambian authorities on recent macroeconomic developments and the economic outlook. Encouragingly, the Zambian economy has shown greater resilience than previously anticipated in 2024, supported by stronger-than-projected performance in both the mining and non-mining sectors".
“We also took stock of the authorities’ progress in meeting key commitments under the IMF-supported program. These efforts will be formally assessed in the context of the fifth review of the Extended Credit Facility arrangement, which is expected to be initiated with a mission in early May 2025.”
“During this visit, IMF staff held discussions with Finance Minister Musokotwane, Bank of Zambia Governor Kalyalya, and their teams, as well as representatives from various government agencies and other key stakeholders. The IMF team would like to express its gratitude to the Zambian authorities and all stakeholders for their constructive engagement and support during this mission.”
