Zambia: IMF Executive Board Completes Second Review Under the Extended Credit Facility for Zambia and Approves U.S.$187 Million Disbursement

Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed today the second review of the 38-month Extended Credit Facility (ECF) Arrangement for Zambia. The completion of the second review of the ECF arrangement allows for an immediate disbursement of SDR 139.88 million (about US$187 million), bringing Zambia’s total disbursement under the ECF to SDR 419.64 million (about US$561 million).

Zambia’s ECF Arrangement was adopted on August 31, 2022, for a total of SDR978.2…