Category: MoFNP News

Finance and National Planning Minister Dr. Situmbeko Musokotwane, MP has told visiting African Development Bank Executive Director Gerald Bussier that the Zambian economy is on the verge of sustained growth and emancipation due to the enabling policies that the Government has put in place to ensure macro-economic stability, quality investment inflows, job creation for the… Continue reading We are Pushing Hard for Economic Stabilisation, Investments, Job Creation & Prosperity

The World Bank has approved US$275 million concessional financing for Zambia. This follows the Government’s continued engagement with development partners targeted at securing support for fiscal stabilization and accelerated economic growth programmes. The approval was granted through the World Bank’s International Development Association (IDA), at a meeting of the board held on Tuesday, 25th October… Continue reading World Bank approves US$275M financing to support Zambia’s Reform Programme

Click the link to access the article: USD 50 MILLION FOR SMEs

Click the link below to access the document: 2022 IMF-WB Annual Meetings

Click the link below to access the investor presentation by the Secretary to the Treasury, Mr. Felix Nkulukusa: October Investor Presentation

Click the link below to download the 2023 Budget Presentation: 2023 Budget Speech  

Thursday 4 August, 2022. This document (the “Document”) has been prepared by the Ministry of Finance of the Republic of Zambia (the “Republic”) with the assistance of its financial advisor Lazard Frères and legal advisor White & Case LLP (together, the “Advisors”) for the attention of the Republic’s creditors (each a “Recipient”) solely to update… Continue reading Update on the Debt Situation, Creditor Engagement and IMF Program

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