Zambia’s Economy To Grow By 4 Percent
The Policy Monitoring and Research Centre -PMRC- has projected Zambia’s economic growth to increase to above 4 percent in 2024 following the continued policy reforms.
PMRC Executive Director, SYDNEY MWAMBA says Zambia’s economic outlook for 2024 remains positive with growth projected to increase due to higher global copper prices as well as the market confidence associated with ongoing fiscal consolidation measures.
In a statement issued to ZANIS in Lusaka, Mr. MWAMBA noted that the country, in 2023, made significant advancements with regards to enhancing human development through increased investment in education.
He outlined the government’s introduction of the Free Education Policy, as one of the key milestones of 2023.
Mr. MWAMBA highlighted that in June, 2023, Government recorded another milestone by reaching a staff-level agreement with the Official Creditor Committee -OCC- on a debt treatment that is in line with the International Monetary Fund (IMF) programme.
Mr. MWAMBA said these measures will help improve the business environment and consequently macroeconomic parameters key to economic stabilization.
He commended the government for consistently maintaining positive ties both bilateral and multilateral partners .
SOURCE:ZNBC
