According to the Policy Monitoring and Research Centre (PMRC), the economic prospects of Zambia appear promising.
For the year 2024, it is expected that the Gross Domestic Product (GDP) growth will reach 4%.
"The combination of political reforms, favorable commodity prices, and concerted efforts towards fiscal consolidation will contribute to a trajectory of robust and sustainable economic growth," stated the executive director of the PMRC, Sydney Mwamba, emphasizing the significance of the positive impact of the rise in copper prices for the national economy, as Zambia's exports rely mainly on this mineral.
Mwamba also emphasized the government's commitment to implement fundamental political reforms, pointing out that ongoing fiscal consolidation measures have strengthened confidence in the domestic market, attracted investments, and stabilized the economy.
Furthermore, the official praised significant progress in improving human development indices, especially through a growing investment in the education sector.
The source of the article is l'observateur