An International Monetary Fund (IMF) staff team, led by Mercedes Vera Martin, visited Zambia from February 19 to 25, 2025. The visit was part of the IMF's ongoing engagement with Zambian authorities and other stakeholders.
Mercedes Vera Martin stated that the mission team discussed recent macroeconomic developments and the economic outlook with Zambian authorities. "Encouragingly, the Zambian economy has shown greater resilience than previously anticipated in 2024, supported by stronger-than-projected performance in both the mining and non-mining sectors," she noted.
The discussions also reviewed progress on key commitments under the IMF-supported program. "These efforts will be formally assessed in the context of the fifth review of the Extended Credit Facility arrangement, which is expected to be initiated with a mission in early May 2025," Vera Martin added.
During their visit, IMF staff held meetings with Finance Minister Musokotwane, Bank of Zambia Governor Kalyalya, their teams, representatives from various government agencies, and other key stakeholders. The IMF team expressed gratitude to all involved for their constructive engagement and support during this mission.