Zambia has reached a staff-level agreement with the International Monetary Fund on a new $1.47 billion loan program aimed at enhancing economic stability and boosting economic growth. The Washington-based lender said in a statement on Friday: “Although the Zambian economy has strengthened substantially and inflation has declined significantly, fiscal pressure has increased in 2026. The government's plan aims to restore fiscal buffers by increasing revenue and controlling spending while protecting priority social spending.” The International Monetary Fund predicts that Zambia's economy will grow by 5.6% this year.

Zambia has reached a staff-level agreement with the International Monetary Fund on a new $1.47 billion loan program aimed at enhancing economic stability and boosting economic growth. The Washington-based lender said in a statement on Friday: “Although the Zambian economy has strengthened substantially and inflation has declined significantly, fiscal pressure has increased in 2026. The government's plan aims to restore fiscal buffers by increasing revenue and controlling spending while protecting priority social spending.” The International Monetary Fund predicts that Zambia's economy will grow by 5.6% this year.