Zambia is targeting average economic growth of 7% over the next three years, underpinned by progress achieved in restructuring its external debt, the government announced through the country's Ministry of Finance.
The government's medium-term macroeconomic framework projects GDP growth of 6% in 2027, 7.5% in 2028, and 7.1% in 2029, according to a statement released by the Finance Ministry on Sunday and cited by Reuters.
The national budget for this year, presented in September last year, had projected economic growth of 6.4% in 2026. The International Monetary Fund (IMF), meanwhile, forecasts a more conservative expansion of 4.3% for the current year.
Finance Minister Situmbeko Musokotwane said the government intends to move beyond economic stabilisation, seeking to attract greater investment, boost exports, and drive job creation by unlocking the potential of sectors including mining, energy, and agriculture.
Recently reappointed to the post following elections held last month, Musokotwane oversaw debt restructuring negotiations after Zambia — one of southern Africa's leading copper producers — defaulted on its external obligations during the Covid-19 pandemic.
The Zambian government expects to reach agreement with the IMF on a new financing programme before the end of the year, following the expiry in January of the previous arrangement, which was valued at US$1.7 billion.
Source: Diário Económico
Original article: https://www.diarioeconomico.co.mz/2026/09/28/mundo/africa/zambia-governo-preve-crescimento-economico-medio-de-7-ate-2029/
