Zambia unlocks more IMF funds following debt overhaul

Zambia unlocks more IMF funds following debt overhaul

Zambia unlocked the final tranche of a $1.7 billion IMF program, underscoring huge progress by the southern African nation. The country had been the first African nation to default on its borrowing during the COVID-19 pandemic, and is restructuring loans worth some $13 billion — including debts to Chinese creditors which make up its biggest obligations.Zambia’s program was approved in 2022, two years after a sovereign debt default imposed econom…

IMF approves final review for loan to Zambia, unlocking $190 million

This is the sixth and final credit facility by the IMF board to the Southern African nation, unlocking $190 million.

Zambia : Hichilema Credits Zambians as Economic Reforms Show Results

President Hakainde Hichilema has acknowledged progress in Zambia’s economic recovery, pointing to stabilisation of the kwacha, a decline in inflation, and the completion of the International Monetary Fund’s Extended Credit Facility Programme. According to a press release issued by the Office of the President, inflation fell into single digits for the first time since August […]

Zimbabwe Achieves Lowest Inflation in 29 Years Amid Bold Currency Reforms.

Zimbabwe Achieves Lowest Inflation in 29 Years Amid Bold Currency Reforms. On Monday, January 26, 2026, Zimbabwe’s Ministry of Finance officially announced that the nation’s annual inflation rate plummeted to single digits for the first time since 1997, marking a pivotal milestone in the country’s economic recovery. Data released for January 2026 shows inflation slowing […] The post Zimbabwe Achieves Lowest Inflation in 29 Years Amid Bold Curren…

Zambia Secures $190M IMF Loan Tranche Amid Economic Review

The International Monetary Fund (IMF) has approved the final review for a loan to Zambia. This approval unlocks a further $190 million in funding for the Southern African nation. The decision follows a comprehensive review of Zambia’s economic performance and reform efforts. The loan aims to bolster Zambia’s financial stability and support ongoing economic development initiatives. The latest disbursement of $190 million from the International Mo…