The Centre for Trade Policy and Development welcomes the approval of an Extended Credit Facility by the Executive Board of the International Monetary Fund. With the help of this significant achievement, Zambia will be able to restructure its unsustainable debt, regain macroeconomic stability, and ensure the debt’s sustainability all while freeing up cashflows to be distributed to the social and productive sectors. Additionally, an IMF program will boost the economy’s overall confidence, which will increase budget support, investor confidence, and Zambia’s credit rating.