IMF Anticipates Talks with Zambia on New Financial Package to Begin in April. Lusaka, Zambia — The International Monetary Fund (IMF) announced on Thursday that discussions with Zambia regarding a new financial package may commence as early as April.
The IMF emphasized, however, that any agreement is contingent upon the completion of elections in Zambia, scheduled for August.
This statement comes as Zambia’s current $1. 7 billion facility with the IMF concluded in January.
President Hakainde Hichilema, who is poised to seek a second term, has indicated his interest in securing a new loan package from the Washington — based institution.
Last year, Zambia became the first country to default on its loan obligations since 2020, successfully completing debt restructuring agreements with all its lenders.
The copper — producing nation has also managed to attract new mining investments and bolster its foreign exchange reserves.
The IMF projects that Zambia’s economy is expected to grow by 5.
5% in 2026. Zambia’s economic trajectory has been a point of interest for both domestic and international financial institutions, particularly given the country’s recent history of financial challenges and its efforts to stabilize its economy.
The upcoming talks with the IMF are seen as a critical step in this process.
Further details regarding the terms of the new financial package and the outcome of the talks will be provided as they become available.
