IMF Staff Country Reports

Zambia: Fourth Review Under the Arrangement Under the Extended Credit Facility and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Zambia

December 17, 2024

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Format: Chicago

International Monetary Fund. African Dept. "Zambia: Fourth Review Under the Arrangement Under the Extended Credit Facility and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Zambia", IMF Staff Country Reports 2024, 350 (2024), accessed December 17, 2024, https://doi.org/10.5089/9798400296376.002

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Summary

Zambia faces a severe drought, sharply reducing agricultural and electricity output and leading to extensive load shedding. In response, the authorities expanded social cash transfers to support affected households. Multilateral financing has eased fiscal and balance of payments pressures. Despite these challenges, policy adjustment and reforms are supporting macro stability and fiscal and debt sustainability.

Subject: Arrears, Debt service, Debt sustainability, Debt sustainability analysis, Expenditure, External debt, Fiscal policy, Fiscal stance, Public and publicly-guaranteed external debt, Public debt

Keywords: Arrears, Debt service, Debt sustainability, Debt sustainability analysis, Financial sector stability, Fiscal stance, Loans, Public and publicly-guaranteed external debt

Publication Details

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