Editor's note: The latest IMF statement on Zambia is a diplomatic way of saying the macroeconomic situation in the country, though potentially promising, is unfortunately in a big mess and needs fixing urgently. It has been poorly managed. Not in enough forward thinking to deal with the present challenges. Zambia appears to have a dangerous cocktail of poor fiscal and monetary management coupled with external pressures. No surprises in the statement except that there appears no hints of possible IMF funding support to help as they previously suggested.
IMF Staff Completes 2015 Article IV Consultation Mission to Zambia
Press Release No. 15/148
March 31, 2015
An International Monetary Fund (IMF) team led by Tsidi Tsikata visited Zambia during March 19-31 to complete discussions for the 2015 Article IV consultation. This followed initial discussions in December 2014, prior to Zambia’s recent Presidential by-election. At the end of the mission, Mr. Tsikata issued the following statement: