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Hakainde Hichilema, President of Zambia, photographed Feb. 6, 2025. He began a second term on Sept. 1, 2026. (File photo)Cabinet Public Relations Office of the Cabinet Secretariat / Wikimedia Commons (CC BY 4.0)
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Economics

Zambia Arrives in Bangkok With a New $1.47 Billion IMF Deal in Hand — and Its Last Debt Talks Still Unfinished

IMF staff and Zambia reached agreement on a 36-month, $1.47 billion Extended Credit Facility on Oct. 9. The IMF projects 5.6% growth in 2026; inflation fell to 6.1% in September. Board approval is expected around December.