IMF nods disbursement of $187m to Zambia
Published On December 21, 2023 » 791 Views» By Times Reporter » Latest News
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By CHUSA SICHONE –
THE International Monetary Fund (IMF) Executive Board has completed the second review of the Extended Credit Facility (ECF) for Zambia, resulting in the disbursement of approximately US$187 million.
This marked the second successful review following the approval of the first review made in July, 2023, which enabled the disbursement of about US$188 million from the IMF.
The total disbursements currently stood at US$561 million of the accumulative US$1.3 billion envisaged under the 38-month ECF programme.
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