The Government of the Republic of Zambia is required to commit:

• to use the created fiscal space to increase social, health or economic spending in response to the crisis. A monitoring system is expected to be put in place by the IFIs;
• to disclose all public sector financial commitments (debt) , respecting commercially sensitive information. Technical Assistance is expected to be provided by the IFIs as appropriate to achieve this;
• to comply with the debt limits on contracting new non-concessional during the suspension period agreed under the IMF Debt Limit Policy (DLP) or WBG policy.

Good will clause under the Memorandum of Understanding dated August 10, 2020, and its Amendment dated January 19, 2021

If the Government oof the Republic of Zambia has fulfilled all its commitments under the Memorandum of Understanding dated August 10, 2020, and its Amendment dated January 19, 2021, the Participating Creditor Countries declare their intention to consider before July 1, 2021 a revision of the Memorandum of Understanding and its Amendment in order to possibly extend the period during which payments due on concerned debts are to be deferred, if the economic and financial situation requires to extend further the Debt Service Suspension Initiative.