Zambia Welcomes IMF Approval of ECF Arrangement Extension
The Zambian government has welcomed a decision by the Executive Board of the International Monetary Fund (IMF) to extend the country’s Extended Credit Facility (ECF) Arrangement by three months, until 30 January 2026.
The announcement was made in Washington, D.C., on Monday, with the Ministry of Finance and National Planning confirming that the extension will provide additional time to conclude the Sixth Review of the programme.
Finance and National Planning Minister Dr Situmbeko Musokotwane said the move demonstrates the IMF’s confidence in Zambia’s economic reforms and commitment to completing the review. “This development demonstrates their confidence in working with Zambia in completing the Sixth Review of the ECF Arrangement, and laying the groundwork for future programme engagement,” he noted.
The 38-month ECF arrangement, which was originally due to conclude in October 2025, has been credited with helping to stabilise the Zambian economy. According to the Ministry, the facility has played a key role in reducing inflation, strengthening fiscal discipline, and anchoring debt restructuring efforts.
Officials further stated that the IMF-supported programme has signalled to both domestic and international investors that Zambia remains a reliable and attractive investment destination.
The extension is expected to pave the way for continued collaboration between Zambia and the IMF as the government works to consolidate economic gains and attract long-term investment.
