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# Zambia: IMF staff-level agreement on a new 36-month ECF
- URL: https://www.sovereigncreditorreview.com/zambia-imf-staff-level-agreement-new-ecf/
- Published: 2026-10-09T16:00:00.000Z
- Updated: 2026-10-18T16:54:59.000Z
- Description: IMF staff and Zambia reached a staff-level agreement on 9 October on a new 36-month Extended Credit Facility with access of SDR 1,076 million (about US$1,472 million). It is subject to IMF Executive Board approval and agreed prior actions.
- Author: Sovereign Creditor Review Staff
- Tags: Zambia, IMF programmes, #scr-import, #Import 2026-10-18 16:18

**Status:** Staff-level · Board approval pending · **Date:** 9 October 2026 · **Country:** [Zambia](https://www.sovereigncreditorreview.com/other-cases/) · **Topic:** [IMF programmes](https://www.sovereigncreditorreview.com/imf-programmes/)

IMF staff and Zambia reached a staff-level agreement on 9 October on a new 36-month Extended Credit Facility with access of SDR 1,076 million (about US$1,472 million). It is subject to IMF Executive Board approval and agreed prior actions; Reuters reported the mission chief expected Board approval around December.

### Sources

- [Reuters (syndicated via CNBC Africa) · 9 Oct](https://www.reuters.com/world/africa/imf-reaches-staff-level-agreement-with-zambia-new-credit-facility-2026-10-09/?ref=sovereigncreditorreview.com)
- [IMF · press release 26/331](https://www.imf.org/en/news/articles/2026/10/09/pr26331-zambia-new-ecf?ref=sovereigncreditorreview.com)
- [Reuters via Devdiscourse · Board timing](https://www.devdiscourse.com/article/international/3989942-zambia-secures-imf-staff-level-backing-for-new-15-billion-programme?ref=sovereigncreditorreview.com)