Zambia and IMF Reach Staff-Level Agreement on Economic Policies

• Zambia secures a Staff-Level Agreement with the IMF following the third review of the Extended Credit Facility (ECF) programme
• The agreement includes a request for an additional SDR293.46 million (US$388 million) to address external shocks

Lusaka, Zambia – The Zambian government and the International Monetary Fund (IMF) have reached a Staff-Level Agreement on economic policies and reforms after a successful third review of the Extended Credit Facility (ECF) programme. This agreement, according to the treasury, includes a request by the government to access an additional 30 percent of quota (SDR293.46 million or US$388 million) to preserve macroeconomic stability and support responses to external shocks.