Policy monitoring and research center PMRC has urged the Zambian government to ensure that implementation of the Extended Credit Facility ECF program is successful, and should focus on restoring macroeconomic stability.

PMRC Acting Executive Director Sydney Mwamba said the ECF which is a mechanism used by the International monetary fund IMF to provide financial assistance to countries with prolonged balance of Payments problems should also focus on providing the foundation for an inclusive economic recovery.

Mr. Mwamba further said in order to achieve this objective, both the quantitative and structural benchmarks on set conditions will have to be implemented.    

“Under the ECF, Zambia will agree to implement a set of policies that will help make the country progress towards achieving a stable and sustainable macroeconomic position in the medium term”, he said.

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