Zambia to Seek New IMF Program

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Zambia decided against extending its current IMF-supported Extended Credit Facility and will instead pursue a new full program once the ongoing arrangement ends in January 2026. Finance Minister Situmbeko Musokotwane said the shift reflects completion of the existing program rather than reduced reform commitment. Zambia has met all performance targets since 2022, and the successor program will focus on concluding debt restructuring while supporting growth and medium-term development priorities.