IMF reaches staff-level agreement with Zambia on new credit facility

​The ​International ‌Monetary Fund ​said on ‌Friday it had reached a staff-level ‌agreement with Zambia ‌on a new Extended Credit Facility ⁠arrangement.

The ​proposed ⁠arrangement with access ⁠to 1,076 million Special ​Drawing Rights would ⁠support Zambia's efforts ⁠to safeguard ​macroeconomic stability and ⁠debt sustainability, the IMF ⁠said.