Zambia: IMF Boss’ Historic Trip to Zambia (Part I)

Lusaka — ZAMBIA has been a member of the 79-year-old International Monetary Fund (IMF) since 1965, a year after the dawn of the southern African country’s political independence.

Since then, the copper-rich country has had 13 arrangements with the fund. On August 31, 2022, the IMF announced its executive board’s approval of the 38-month $1.3 billion Extended Credit Facility (ECF) arrangement for Zambia.

According to the fund, Zambia’s programme, supported by the ECF arrangement will advance the…