THE International Monetary Fund (IMF) has approved the fourth review of Zambia’s 38-month Extended Credit Facility (ECF) arrangement, triggering an immediate disbursement of US$184 million (K5.1 billion). And IMF Resident Representative in Zambia Eric Lautier says Zambia continues to make good progress towards economic stability despite a historic drought that caused a significant contraction in the agriculture sector in 2024. According to a statement issued by the Office of the Secretary to the Treasury, the fifth tranche brings Zambia’s total disbursement under the ECF-supported programme to about US$1.3 billion. “The Executive Board of the International Monetary Fund (IMF) has approved, Monday, the fourth (4th) review of Zambia’s 38-month Extended Credit Facility (ECF) arrangement. The approval triggers an immediate disbursement of...