Zambia to Shift From Economic Stabilization to Growth in 2027-29: Finance Ministry
Zambia to Shift From Economic Stabilization to Growth in 2027-29: Finance Ministry
Real GDP growth is projected to rise to 6% in 2027, 7.5% in 2028 and 7.1% in 2029, the Finance Ministry said in its 2027-29 medium-term budget plan.
Key details from the budget plan:
🟠Copper Output: Production is projected surpass 1 million tonnes in 2027, rising to 1.4 million tonnes by 2029.
🟠Economic Stability: Progress on debt restructuring, inflation, exchange-rate stability and international reserves has strengthened the economic foundations.
🟠Investment: New mining projects, mineral exploration and increased investment are expected to support growth.
🟠Other Growth Drivers: Agriculture, tourism, electricity generation and economic reforms are also expected to support growth.
🟠Long-Term Financing: The government plans to introduce a 20-year bond to extend the yield curve, diversify financing and reduce refinancing risks.
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