IMF Executive Board Approves US$100 Million Under a New Extended Credit Facility (ECF) Arrangement for Somalia imf.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from imf.org Daily Mail and Mail on Sunday newspapers.
05/10/2021 | Press release | Distributed by Public on 05/10/2021 10:02
IMF Staff Update on Discussions with the Zambian Authorities on a New Extended Credit Facility HTML File
IMF Staff Update on Discussions with the Zambian Authorities on a New Extended Credit Facility
May 10, 2021
Washington, DC: The IMF mission has continued discussions with the authorities during April-May on their request for an Extended Credit Facility (ECF). Building on the earlier discussions in February-March, there was broad agreement on the macroeconomic framework. Notable progress was made in detailing the key policy measures to address the macroeconomic imbalances currently facing Zambia and to enable a return to sustained growth with enhanced fiscal space for social and development spending. The Zambian authorities reaffirmed their continued commitment to reforms. We look forward to continuing ECF discussions as key measures are taken.