IMF
The International Monetary Fund (IMF) said Thursday that talks with Zambia over a new loan program could start in April.
But the lender added that an agreement was only expected after elections in the southern African country in August.
Lusaka's most recent program with the IMF, a $1.7 billion facility agreed in 2022, ended in January.
President Hakainde Hichilema who is expected to seek a second term has signalled interest in a new package from the Washington-based lender.
Last year, Zambia concluded debt restructuring agreements with all its lenders, having become the first country to default on its loan obligations in 2020.
The copper producer has also been able to attract new mining investment and shored up its forex reserves.
The IMF expects Zambia's economy to expand 5.5% in 2026.
11:16
DRC: first eurobond draws massive demand [Business Africa]
04:39
Nigel Clarke: “Preserving fiscal sustainability must be Africa’s priority” [Interview]
01:16
South Africa inflation ticks higher as education and housing costs rise
01:30
Growth, urbanisation and fintech: How Africa's economy has evolved over the last 10 years
01:13
"Sub-Saharan Africa resilient, despite mounting global shocks" - Abebe Selassie
11:18
Middle East crisis tests African economies [Business Africa]