Fri, 29 Sep 2017 13:58:36 +0000 By AARON CHIYANZO ZAMBIA’S Gross Domestic Product (GDP) has grown by 6 percent in the last 10 years, and this has tremendously contributed to economic progress over the years, Minister of Finance Felix Mutati has said. Mr Mutati said Zambia had over the years made tremendous economic progress with GDP growth rate averaging 5-6 percent in the last 10 years. He said in a statement that the growth in the economy had led to the reclassification of Zambia as a lower middle income country, which had redefined the financing landscape for Government. Mr Mutati explained that the reclassification of Zambia as a lower middle income country had limited the access to concessional external financing from traditional bilateral and multilateral creditors. He said that the development had led to increased opportunities for Zambia to access financing from previously unavailable sources such as the international capital market at non concessional terms. […]
