GOVERNMENT and the IMF staff have reached a Staff-Level Agreement on economic policies, to conclude the first review of the 38-month Extended Credit Facility (ECF) supported programme. According to a statement, Thursday, the IMF said once the review of the agreement was approved, Zambia will have access to about US$188 million in financing. “IMF staff and the Zambian authorities have reached a staff-level agreement on economic policies to conclude the first review of the 38-month ECF-supported programme. All structural benchmarks and quantitative performance criteria for the first review have been met. Zambia will have access to about US$188 million in financing once the review is approved by IMF management and formally completed by the IMF Executive Board. To remove any...

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