02032cas a2200289 a 4500 AALejournalIMF023188 230101c9999 xx r poo 0 0eng d 9798400218224 20.00 USD 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Zambia : Request for an Arrangement Under the Extended Credit Facility-Press Release; Staff Report; Staff Supplement; Staff Statement; and Statement by the Executive Director for Zambia. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (135 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Zambia is dealing with large fiscal and external imbalances resulting from years of economic mismanagement, especially an overly ambitious public investment drive that did not yield any significant boost to growth or revenues. A drought in 2019 and the COVID-19 pandemic exacerbated the acute economic and social challenges facing the country, with poverty, inequality, and malnutrition rates amongst the highest in the world. As a result, Zambia is in debt distress, defaulting on its Eurobonds in November 2020 while also accumulating arrears to other creditors. The war in Ukraine has increased prices of fuel and fertilizer, amplifying pressures further. Mode of access: Internet International Agreements and Observance imf International Organizations imf Monetary Policy imf Zambia imf IMF Staff Country Reports; Country Report ; No. 2022/292 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1934-7685&volume=2022&issue=292 IMF e-Library