Economist Lubinda Haabazoka has described the completion of Zambia’s IMF Extended Credit Facility (ECF) programme as a landmark in the nation’s economic recovery.
In a statement issued on Tuesday, Dr Haabazoka emphasised that this development signifies a return to macroeconomic stability and renewed international confidence.
The Economist said the successful conclusion of the programme is a testament to the resilience of Zambia’s economy.
He highlighted that the US$1.7 billion disbursed under the ECF reflects trust in the country’s reform agenda.
Dr Haabazoka is of the view that this milestone will enhance investor confidence and reduce the cost of borrowing.
The former Economics Association of Zambia (EAZ) President noted that projected growth of 5.2 percent in 2025 and 5.8 percent in 2026 is driven by mining, agriculture, and energy.
He pointed out that inflation is expected to stabilise within the 6–8 percent target band by 2027.
The Economist observed that sustainable debt levels will allow the government to redirect funds toward development.
He underlined the importance of continued fiscal discipline and prudent borrowing.
Dr Haabazoka also drew attention to reforms in the financial sector that will protect depositors and improve access to credit.
He maintained that economic diversification is essential for long-term resilience and job creation.
Dr Haabazoka urged that this achievement be used as a springboard for inclusive and sustained national transformation.
