Author: Mukuni Zunduna

The Official Creditor Committee for Zambia, co-chaired by France and China and vice-chaired by South Africa, met on Monday, 18 July 2022 and provided financing assurances based on Zambia’s request for debt treatment under the G20 Common Framework. This unprecedented support will provide financing assurances to the International Monetary Fund (IMF) in support of Zambia’s… Continue reading Zambia Welcomes Financing Assurances

This is to inform the public and stakeholders that as part of the additional measures taken by the Government of the Republic of Zambia to address the current debt challenges, beyond the debt restructuring process, Cabinet has taken measures to cancel some loan financed projects while a few critical projects are being re-scoped to facilitate… Continue reading Measures taken by the Government on the Implementation of Loan Financed Projects

The deterioration of Gross National Income (GNI) per capita estimates recorded in 2021 – using the World Bank Atlas Method – has resulted in the re-classification of Zambia by the World Bank to low income status from lower middle income, for the 2023 financial year. To reverse the situation, the New Dawn Government has embarked… Continue reading Government Committed to Swift Return to Lower Middle-Income Country Status