Zambia is poised to initiate discussions with the International Monetary Fund (IMF) for a fresh financial support package, pending the outcome of its August general elections. The IMF has signaled its readiness to engage with a newly elected government empowered to drive reforms.

The talks aim to address Zambia’s financial needs following the expiration of its current IMF program in January. Despite progress in stabilizing the economy, concerns linger over fiscal pressures, including wage bill expenditures and election-related spending.

Zambia’s economic outlook appears promising, with forecasts indicating 4.5% growth in 2025 and 5.5% in 2026, fueled by rising copper prices and output. The government remains committed to fiscal discipline and structural reforms to boost growth and job creation.