By 
Zambia is strengthening its reform agenda and attracting global confidence through high-level engagements at the Annual Meetings of the International Monetary Fund (IMF) and World Bank Group.
Finance and National Planning Minister, Situmbeko Musokotwane, highlighted Zambia’s progress in stabilising the economy and advancing reforms under the Extended Credit Facility, emphasizing growth opportunities in agriculture, mining, ICT, energy, and manufacturing.
“Over the past four years, we have achieved significant progress toward economic stabilization and fiscal consolidation,” Musokotwane said in a statement issued on Thursday.
IMF Deputy Managing Director, Nigel Clarke, praised Zambia’s debt restructuring efforts and reform implementation, encouraging the country to maintain its growth trajectory.
Clarke commended Zambia for its progress in debt restructuring and the “substantial implementation” of reforms under the Extended Credit Facility (ECF), encouraging the country to maintain its reform and growth trajectory.
Meanwhile, talks with World Bank Vice President, Ndiame Diop, focused on ensuring reforms generate tangible benefits, particularly youth employment and private-sector participation.
Musokotwane also participated in the Commonwealth Finance Ministers Meeting, advocating for digital tools to boost domestic resource mobilization.
Commonwealth Secretary-General Shirley Botchwey commended member nations for innovative approaches to debt management and financial resilience.
The delegation, including key government and financial officials, is attending major sessions such as the World Bank Development Committee and the IMF’s International Monetary and Financial Committee, underscoring Zambia’s commitment to building a stable and inclusive economy.
“The message from Washington is clear: Zambia is back on track, laying a strong foundation for inclusive and sustainable growth,” Musokotwane said.
WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.
Comments