IMF Forecasts 4.7% Economic Growth for Zambia in 2024, Citing Mining Sector Reopenings
The Country Representative of the International Monetary Fund (IMF), Eric Lautier, has projected a robust economic growth of 4.7% for Zambia in 2024, surpassing last year’s recorded growth of 4.3%.
Lautier attributes this positive outlook to the anticipated reopening of production at Konkola Copper and Mopani Copper Mines.
The economic trajectory is expected to receive further impetus from increased investments in Kansanshi and Sentinel Mines. Lautier shared these insights in response to inquiries from various stakeholders in Zambia.
However, he highlighted that the mining sector’s low production has adversely impacted Zambia’s external debt restructuring efforts, as the country faces challenges in generating additional revenue.
