- Country has broadly met key macro-economic benchmarks
JOHN CHAAMBWA
Lusaka
ZAMBIA’S staff-level agreement with the International Monetary Fund (IMF) will unlock a prospective US$190 million disbursement, marking the final review of the country’s Extended Credit Facility (ECF) programme, says economist Kelvin Chisanga.
The development was disclosed last week by Minister of Finance and National Planning Situmbeko Musokotwane.
In an interview, Mr Chisanga said the agreement represents a critical closure point for the programme, signalling that Zambia has broadly met key macro-economic and structural benchmarks agreed with the Fund.
“The sixth and final review reinforces policy credibility at a sensitive juncture, as the country transitions from programme compliance to post-programme discipline,” Mr Chisanga said.
“From a macro-economic perspective, the disbursement is expected to provide immediate liquidity support and strengthen foreign exchange reserves.”
He said Zambia continues to face external pressures, including high import demand, and ongoing debt service obligations…https://enews.daily-mail.co.zm/
