Zambia says it aims to agree new IMF programme by end-2026
On July 16, 2026 Zambia’s Finance Minister Situmbeko Musokotwane said the government aims to reach agreement with the IMF on a new programme before the end of 2026, following an IMF staff visit in April–May and with formal talks expected to resume after the August general election.
The desk brief
On July 16, 2026 Zambia’s Finance Minister Situmbeko Musokotwane said the government aims to reach agreement with the IMF on a new programme before the end of 2026, following an IMF staff visit in April–May and with formal talks expected to resume after the August general election.
If realised, a new IMF programme would likely reduce rollover and financing risks for Zambia’s external debt by anchoring policy and supporting reserves, which can compress sovereign spreads on the belly and long end of the curve. This is conditional on IMF staff-to-Board progression, the programme’s size/conditionality, and timely disbursements—none of which have yet occurred.
Outcome of Zambia’s August 13, 2026 general election and the resumption/conclusion of IMF negotiations; IMF staff/Board decisions.
Sources & verification
Developing storyFurther independent confirmation is required.
- Zambia Targets New IMF Programme By Year-End, Finance Minister Situmbeko Musokotwane Sayscrestafrica.comSource published (opens in a new tab)
- Zambia Targets New IMF Programme Agreement by End of 2026 - Africa Scorecardtheafricascorecard.comSource published (opens in a new tab)
Public references supporting this brief.
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- Zambin 33Jun 203396.1886.460%
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