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Zambia Ends IMF Loan Program, Eyes Brighter Fiscal Future

1/8/2026

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Summary

Story summary

Zambia will not extend its loan programme with the International Monetary Fund (IMF), which ends in January.
The government sought a one-year extension of the Extended Credit Facility to secure about $145 million in additional funding.
The IMF confirmed this change in plans but did not provide a reason.
President Hichilema's administration anticipates a better 2026 fiscal outlook with a reduced deficit and growth above 6%.

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Story summary

Zambia will not extend its loan programme with the International Monetary Fund (IMF), which ends in January.
The government sought a one-year extension of the Extended Credit Facility to secure about $145 million in additional funding.
The IMF confirmed this change in plans but did not provide a reason.
President Hichilema's administration anticipates a better 2026 fiscal outlook with a reduced deficit and growth above 6%.