IMF hopeful

The international Monetary Fund (iMF) is pleased with the strides by Zambia in implementing measures under the economic reform programme. This iMF’s commendation comes at a crucial time when Zambia is entering a new phase of the debt restructuring process, which is critical to the official creditor committee. Early December last year, iMF reached a staff-level agreement with Zambia on a three-year programme supported by an arrangement under the Extended Credit Facility worth US$1,4 billion. The economic programme aims to restore macro-economic stability and foster higher, more resilient and inclusive growth.