The fourth review of the Extended Credit Facility (ECF) program, will happen in March, as Treasury and the IMF have confirmed that an IMF expected to be in the country between March 11 and 20.

IMF Resident Representative, Farayi Gwenhamo, said the fourth ECF review will be based on performance up to end-December 2019, which based on preliminary data, there are positive signs on performance.

On the other hand, Minister of Finance, Economic Planning and Development, Joseph Mwanamvekha, is positive that the country will pass the IMF test during the coming review. “The Board of the International Monetary Fund approved the second and third reviews of this country’s performance under the ECF. I am pleased to inform Honourable Members that this led to disbursement of resources to the tune of $43.3 million in December 2019.” he said, during the mid-year budget statement.