By BUUMBA CHIMBULUZAMBIA’s economic growth is expected to moderate to 3.6 percent in 2023 assuming a timely agreement with official creditors on an appropriate debt treatment, says the International Monetary Fund (IMF).And Government is optimistic that working with the Official Creditor Committee (OCC) and other creditors, it will soon reach an agreement on debt restructuring.IMF Chief for Zambia, Allison Holland said while growth was expected to moderate to 3.6 percent in 2023, assuming a timely agreement with official creditors on an appropriate debt treatment, it was projected to accelerate over the medium term.“This pick-up in growth will reflect the anticipated pay-off from the government’s economic transformation agenda, including a recovery in mining production driven by new and ongoing investment,” Ms Holland said in statement.She however noted that further delays in reaching an agreement with creditors risked a worsening outlook for Zambia, delaying its return to sustainable growth, and reducing its capacity to repay.She therefore urged […]
IMF upbeat with Zambia’s debt restricting deal
