The International Monetary Fund’s Executive Board has approved the final review of Zambia’s lending program, unlocking $190 million in fresh funding for the country. The approval marks a key milestone in Zambia’s economic reform efforts following years of debt distress and negotiations with creditors.
The disbursement brings Zambia closer to stabilizing its public finances, strengthening foreign exchange reserves, and supporting budget priorities as the government continues fiscal consolidation and structural reforms. IMF officials said Zambia has made progress in restoring macroeconomic stability, improving debt management, and implementing policies aimed at boosting growth.
Zambian authorities welcomed the decision, noting that the funds will help sustain economic recovery and reinforce confidence among investors and development partners. The completion of the IMF program is also expected to support Zambia’s broader debt restructuring process and lay the groundwork for more durable, long-term economic growth.