2023-12-26 11:11:55
This financing, which comes as part of the second review under a three-year arrangement supported by the Extended Credit Facility (ECF), aims to support the Zambian authorities’ efforts to restore macroeconomic stability and debt sustainability.
It will also help promote stronger, more resilient and more inclusive growth.
According to the IMF, despite recurring shocks and delays in debt restructuring, the economy is showing resilience.
Economic growth is expected to stand at 4.3% in 2023 due to the good performance of the non-agricultural and non-mining sectors.
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