IMF Extends Zambia Credit Facility

The International Monetary Fund (IMF) extended Zambia’s Extended Credit Facility (ECF) by three months, moving the end date to January 30, 2026. The extension allowed time to complete the sixth review and plan future cooperation. The ECF supported Zambia’s economic reforms following its 2020 debt default, prioritizing fiscal discipline, improved public financial management, and balancing reforms with social spending amid ongoing fiscal pressures.