Fri, 08 Dec 2017 09:45:14 +0000 By Buumba Chimbulu ZAMBIA’S Gross Domestic Product (GDP) is expected to expand to 3.8 percent in 2017, 4.8 percent in 2018 and 4.7 percent in 2019 assuming Government continues to implement its economic reform programme, predicts the World Bank These forecasts are however lower than what the Washington-based lender predicted in June of 4.1 percent expansion in 2017 and 4.5 percent in 2018. On the other hand, prediction for 2019 has remained unchanged. Following this development, the bank has emphasised the need for Zambia to implement a well crafted strategy to reduce the cost of borrowing, extend the terms and diversify the sources of debt funding. This is according to the Zambia Economic Brief, How Zambia can borrow without sorrow,” released by the World Bank Group in Lusaka yesterday. World Bank economist, Gregory Smith, explained that despite a bumper harvest, improved electricity generation and an easing of monetary policy, […]
