Search

IMF releases $190mn to Zambia after final review as growth outlook strengthens

Makkala nguzu Market, Choma, Zambia. Photo by Seiko Yamada @ Unsplash
Makkala nguzu Market, Choma, Zambia. Photo by Seiko Yamada @ Unsplash
  • IMF releases final $190m tranche under Zambia reform programme
  • Growth outlook upbeat, but debt risks and reforms remain

 

LUSAKA, ZAMBIA — The IMF has approved its final review of Zambia’s lending programme, unlocking fresh funding and endorsing the country’s improving growth outlook despite lingering debt risks.

The Executive Board of the International Monetary Fund on Tuesday completed the sixth and final review of Zambia’s 38-month Extended Credit Facility, clearing the way for an immediate disbursement of SDR 138.9 million, about $190 million. That brings total IMF support under the programme to roughly $1.7 billion.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


By signing in, you agree to receive Allen Dreyfus newsletters and updates. You can unsubscribe at any time.

Recent Business

Photo by Focus Graphite
Uganda graphite advances. Will NASA testing unlock sales?
Read More »
Foodstuff being moved to the market in Accra, Ghana. Photo by Zeal Creative Studios @ Pexels
Nigeria’s poor spend beyond earnings. Can reforms deliver?
Read More »
Street vendor selling goods in traffic in Ghana. Photo by Carbell Sarfo @Pexels
Ghana’s treasury bill bids plunge 40%. Is demand fading?
Read More »

Recent Politics

Foodstuff being moved to the market in Accra, Ghana. Photo by Zeal Creative Studios @ Pexels
Nigeria’s poor spend beyond earnings. Can reforms deliver?
Read More »
Fuel tanker truck navigating city roads. Photo @ Pexels
Can West Africa afford its rising fuel subsidies?
Read More »
Photo by Fran Ben @ Pixabay | Senegal
Can Senegal’s budget revolt derail its IMF rescue?
Read More »

Latest Posts

Latest news insights