Tag: IMF

IMF praises Govt for Transparency & fighting corruption

By Sharon Siame The International Monetary Fund -IMF- has commended the Zambian Government for improving Transparency and fighting corruption. IMF Deputy Director African Department, COSTA CHRISTOU says Zambia has made vital steps to help protect public resources for the benefit of citizens and create a better environment for investors. Speaking during the second Zambia Economic

IMF disburses US$187- Million to Zambia

By Brian Mwale The International Monetary Fund –IMF- has disbursed US$187-million to Zambia. This follows the IMF Executive Board’s completion of the second review of the Extended Credit Facility. The Ministry of Finance and National Planning reveals that the development has brought the total disbursement to Zambia to US$561-million after the disbursement of approximately 188-million

Zambia’s economy showing resilience -IMF

By Brian Mwale Zambia may access the US$184-million dollar financing from the International Monetary Fund -IMF- before the end of this month. IMF Spokesperson JULIE KOZACK says Zambia’s performance under the IMF programme and the agreement in principle with official creditors on the Memorandum of Understanding is sufficient to bring this review to the fund’s


The International Monetary Fund Managing Director, KRISTALINA GEORGIEVA says the fund expects to disburse the next tranche of its 1.3 billion United States dollars financing program with Zambia soon. Ms. GEORGIEVA told reporters in the Kenyan capital, Nairobi that the Fund is waiting for creditors of Zambia to agree on a path forward. She also


President HAKAINDE HICHILEMA says the approval of the International Monetary Fund -IMF- finance program for Zambia is an endorsement of the UPND administration credibility to restore the economy. President HICHILEMA says his administration has managed to secure a deal within two months yet the PF administration failed to do so in seven years because of…


By Brian Mwale The International Monetary Fund -IMF- Board of Directors has approved a 1.3-billion dollar general allocation of Special Drawing Rights (SDR)- for Zambia. These funds are from the 650 billion dollars SDR for eligible member countries. The Ministry of Finance notes that the 1 point 3 billion dollars that Zambia will receive doubles…
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