Very pleased to announce a staff-level agreement for the fourth review of Zambia’s ECF arrangement with the IMF , subject to imf management and its executive board Zambia will have immediate access to another USD 185.5 million to support its economic program
Today is budget day in Zambia I shared some thoughts this morning on TV and radio on the importance to maintain the fiscal path to safeguard debt sustainability while increasing revenue for priority spending https://t.co/FgnQEAV8iv
𝗘𝗫𝗖𝗟𝗨𝗦𝗜𝗩𝗘 𝗜𝗡𝗧𝗘𝗥𝗩𝗜𝗘𝗪 𝗪𝗜𝗧𝗛 𝗧𝗛𝗘 𝗜𝗠𝗙 𝗪𝗥𝗔𝗣𝗣𝗘𝗗
Financial Insight’s Mwelwa Kenneth Chibesakunda has just concluded an exclusive sit-down with Mr. Eric Lautier, Resident Representative of the International Monetary Fund (IMF) in Zambia at the Fund’s Lusaka offices.
From Zambia’s fiscal consolidation measures and tax policy reforms to debt restructuring progress, monetary policy, and private sector growth, Mr. Lautier shared deep insights on the country’s economic outlook.
Stay tuned, the full interview will be dropping soon.
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When countries face crises, the IMF provides financial support to help restore stability and growth. But how does IMF lending actually work? We explain in our latest edition of Ask an Economist. https://t.co/apiAxklHLV
My deep appreciation to Zambia’s President @HHichilema and 🇿🇲’s economic team for very productive discussions. My engagement with Zambian stakeholders has left me optimistic about Zambia’s future. https://t.co/qQlkrENPuF
Great pleasure to meet Zambian President @HHichilema in Lusaka today. We discussed Zambia’s encouraging progress on restoring macroeconomic stability and advancing reforms even as Zambia endured repeated economic shocks.
I began my visit to Zambia by touring @Trade_Kings, one of the major fast-moving consumer goods manufacturers in Sub-Saharan Africa. It exemplifies private sector-led dynamism which drives investment in local manufacturing, supports entrepreneurship, and creates jobs.
WELCOME Mr. NIGEL CLARKE
IMF DEPUTY MD @NIGELCLARKEJA is in Zambia for a 3 day that will see him on information exchange engagements with the Republican President, the Minister of Finance, Governor, Private Sector, Development Partners, Academia & Civil Society.
Sunday, the BoZ arranged a meet and greet event at which the Minister's of Finance & Agric, Sec.-2-Treasury, Governor, CG-ZRA & support-staff personnel from GRZ, IMF & BoZ.
Despite these challenges, Zambia remains committed to program reforms designed to strengthen the Zambian economy and improve the lives of the Zambian people. Today our Board approved the 4th Review under Extended Credit Facility which unlocks a further $184 million for Zambia.
Zambia continues to make good progress towards economic stability despite a historic drought which led to a significant contraction in the agriculture sector in 2024. The drought severely disrupted power generation and led to frequent blackouts. https://t.co/p7HhmbDSLB
On this International Day of Persons with Disabilities, we honor the voices and leadership of persons with disabilities in shaping a world that is equitable and sustainable for all. #IDPD2024
🚨Just published 🚨The first comprehensive @IMFNews paper on the Fund’s key sovereign debt restructuring policies — Guidance Note On The Financing Assurances And Sovereign Arrears Policies And The Fund's Role In Debt Restructurings https://t.co/GS16mBVSsc
Deep gratitude to the @AfDB_Group for their funding support of USD 1 million.
Your contribution will bring relief to drought-affected communities in Zambia.
This afternoon, we exchanged views on matters of mutual interest between Zambia & #IMF with Mission Chief Ms. Mercedez Vera Martin & delegation. We remain committed to working with the IMF & partners to advance #Zambia’s economic agenda,via collaboratively designed programs.🇿🇲
"The copper-based & public investment-driven growth model that Zambia has relied on for decades needs to be recalibrated towards a more diversified & private investment-led growth model reducing the country's vulnerability to global commodity price fluctuations" Eric Lautier, IMF
It was a pleasure engaging with the brilliant minds at UNZA, where I presented key insights on the regional economic outlook for Sub-Saharan Africa, and the impacts of debt restructuring on Zambia's growth and transformation prospects @zambia@IMFAfrica