Lusaka, Zambia – President Hakainde Hichilema has confirmed Zambia’s continued commitment to home-grown economic reforms following a high-level engagement with the International Monetary Fund (IMF) delegation led by Deputy Managing Director Mr. Nigel Clarke. The meeting, which was described as both productive and extensive, focused on strengthening the collaborative relationship between Zambia and the IMF while affirming Zambia’s leadership over its reform journey.
In an official statement, President Hichilema emphasized that while Zambia values its active role within the IMF framework, the current economic programmes being implemented are the result of national priorities crafted and owned by Zambians.
“Our discussions with the IMF delegation were wide-ranging and centred on mutual interests,” President Hichilema said. “Zambia’s economic transformation agenda is home-grown and shaped by the realities of our people. However, we are appreciative of the strong support and technical assistance we continue to receive from the IMF in implementing these reforms.”
The President reiterated that the country’s reform agenda is anchored on the pillars of transparency, economic resilience, and inclusive growth, with the ultimate goal of delivering tangible benefits to the citizens of Zambia.
The IMF has been a key partner in Zambia’s economic recovery efforts following years of fiscal instability, debt distress, and global economic disruptions. Through a multi-year support programme, the IMF has helped facilitate macroeconomic stability and provide a framework for sustainable public finance management. In return, the Zambian Government has implemented a series of structural reforms targeting public sector efficiency, debt restructuring, and poverty reduction.
President Hichilema affirmed that this relationship is not one of dependency but one of equal partnership. “Zambia is not merely a recipient of IMF support; we are a sovereign nation charting our own path with the IMF as a supportive partner,” he noted.
With the latest engagement, Zambia has reaffirmed its strategic direction to prioritize long-term sustainability over short-term fixes. Analysts have welcomed this development, viewing it as a sign of steady leadership and fiscal discipline that is necessary to restore investor confidence and drive economic growth.
The IMF visit comes at a critical time when Zambia is intensifying reforms in agriculture, energy, education, and public finance. As these initiatives gain traction, observers say continued collaboration with global institutions like the IMF will be crucial for maintaining momentum and unlocking international support.
In closing his statement, President Hichilema expressed optimism about the path ahead. “We are building a stronger, more inclusive economy. Through perseverance, smart partnerships, and a relentless focus on our people, Zambia is rising.”