IMF -- Resident Representative Office in Zambia

Victoria Falls, Zambia

Victoria Falls, Zambia (Picture by Jaamzp)

Zambia Resident Representative Site

Resident Representative Office in Zambia

July 1, 2009

This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Zambia and the IMF. Additional information can be found on Zambia and IMF country page, including official IMF reports and Executive Board documents in English that deal with Zambia.

At a Glance : Zambia's Relations with the IMF

Current membership: 186 countries
Zambia joined the Fund in September 23, 1965; Article VIII
Total Quotas: 489.10 Million (As of October 31, 2009)
Loans outstanding: PRGF Arrangements SDR 168.92 Million
Last Article IV Consultation: The last Article IV Executive Board Consultation was on December 14, 2009. (Country Report No. 10/17, December 3, 2009)

News and Highlights

IMF Pledges Stronger Partnership to Help Africa Through Crisis

IMF head Dominique Strauss-Kahn, at the end of a trip to the Democratic Republic of Congo and Côte d’Ivoire, pledges a stronger partnership with African countries to prevent the global economic crisis undoing years of progress in their fight against poverty.

Crisis Threatens Millions in Africa, Ministers Say

African Finance Ministers welcome commitments to increase resources for developing countries, but caution that assistance was needed quickly if Africa is to contain the impact of the global economic crisis.

IMF to Assist Africa Hit Hard by Global Downturn

Despite weaker financial linkages with the rest of the world than many other regions, Africa is likely to be hard hit by the global economic downturn, putting at risk the progress made across the continent in recent years, the IMF says.

Zambia and The IMF

Press Release: Statement by IMF Managing Director Dominique Strauss-Kahn at the Conclusion of His Visit to Zambia

March 11,2010

IMF Survey: Africa Faces Twin Challenges After Global Crisis

March 4,2010
With world recovery under way, Africa faces the twin challenges of reviving strong growth and reinforcing resilience to the economic shocks that regularly batter the continent, IMF officials say, as the IMF's head embarks on a three-country visit to the region.

Press Release: Statement by the IMF Staff Mission at the Conclusion of a Visit to Zambia

March 3,2010

Zambia: 2009 Article IV Consultation, Third Review Under the Three-Year Arrangement Under the Poverty and Reduction and Growth Facility, and Request for Modification of Performance Criteria - Staff Report; Staff Supplement: Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Zambia

January 15,2010
Series: Country Report No. 10/17

Zambia -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, December 03, 2009

January 12,2010
PDF File Size: 459Kb

Regional Economic Outlook for Sub-Saharan Africa

image from the publication cover

Sub-Saharan Africa has been hit hard by the global recession, but signs of resilience remain. While South Africa and some other middle-income countries were caught in the turbulence of international financial markets, and oil exporters saw government revenues plunge, some countries with wider commodity bases have so far escaped the worst of the crisis. Also, and reassuringly, with stronger initial fiscal and external positions than in past downturns, most countries in the region have been able to partially absorb external shocks by allowing fiscal deficits to rise and reducing interest rates. Exchange rates have generally been allowed to adjust. With many families affected by the crisis, however, progress toward the Millennium Development Goals has receded. Looking ahead, fiscal policy must balance support for the recovery with enhancing future growth prospects, debt sustainability, and poverty reduction. Published biannually in May and October.

Resident Representative for Zambia

Perry Perone
5199 United Nations Avenue
P.O. Box 50846
Lusaka
Telephone: 260-211-254716
Fax: 260-211-253485
E-mail: rr-zmb@imf.org