The World Economic Outlook for 2023

By Yohane Mbeeya Moono An Alumni of the Zambia Institute of Diplomacy and International Studies The Zambian Minister of Finance and National Planning on 30th September, 2022 presented the country’s National Budget for the year 2023. A number of interesting economic pronouncements were made in the National Budget. Among them is the projected real Gross

Building More BRICS

Recent speculation that the BRICS group (Brazil, Russia, India, China and South Africa) plans to expand its membership has set tongues wagging in the diplomatic world. Rumours that Argentina could be the newest country to join have triggered questions around the viability and power of an expanded collective, and what it means for global geopolitics.

The Switzerland of Africa: New Exciting Investments Destination for Investors

By Yohane Mbeeya Moono Switzerland like Zambia is a landlocked country in the heart of Europe. Switzerland is a peaceful haven for most asylum seekers. This because the country once provided the Jews who fled from the holocaust of Adolf Hitler a safe haven. It is also home to many multinational organisations such as the

Debt Suspension to Spur Zambia to Economic Transformation

By Yohane Mbeeya Moono The period between 2011 and 2021, Zambia under the Patriotic Front led government initiated many capital projects which required heavy Moneta investments. Among them was the Link Zambia Programme which was aimed at the construction of massive road networks across the country in order to open many areas of the country

Deal to resolve Zambia’s debt crisis ‘LIKELY’

By Leo Komminoth June 16th 2022 • Zambia • Finance & Services Zambian officials met with an official committee of the country’s international creditors for the first time on Thursday as Lusaka seeks to negotiate a deal to restructure its unsustainable debt load and unlock IMF funding. The official creditor committee consists of members of

ECONOMIC FIXATION: Requires a Disciplined Approach

By Yohane Mbeeya Moono In November of 2020, President Edgar Chagwa Lungu launched the economic recovery plan which spelt out the country would catapult herself out of the debt mountain it had acquired. However, the August, 12 2021 elections saw a change of government which ushered in the United Party for National Development government under

All Weather Friend -China

The Director General African Affairs, for the People’s Republic of China, Mr Wu Peng, who is in Zambia with a message from His Excellency President Xi Jinping. China and France yesterday chaired IMF Common Framework meeting on Zambia’s debt situation. Zambia needs to be unlocked so that her economy can be opened up to more

THE DEBT RESTRUCTURING PROCESS AND THE IMF SUPPORTED PROGRAMME

Lusaka, Sunday, 19th June 2022 – In light of public statements by certain sections of society on the status of the International Monetary Fund (IMF) Supported Programme and the debt restructuring process, the Ministry of Finance and National Planning considers it necessary to clarify on some matters of concern and on others that have been

CHINA OFFERS TO CO-CHAIR ZAMBIA’S DEBT RESTRUCTURING AS ECONOMIC REBUILDING GATHERS PACE.

By Alexander Nkosi China has offered to co-chair Zambia’s debt restructuring, a very positive move given the huge amount Zambia owes China. Once our debt is restructured, it will unlock a lot of benefits that include: 1. Reduce the amount we spend on debt service. In 2022 budget, USD3 billion (K51 billion) has been allocated

CHINA JOINS ZAMBIA’S CREDITORS TO RESOLVE OUR DEBT CRISIS- ZAMBIA’S STEPS TO ECONOMIC RECOVERY ARE VERY CLEAR!

By Alexander Nkosi The steps are very clear: 1) STEP 1: Restructure debt 2) STEP 2: Restructured debt means we lose less dollars to foreign debt service. This coupled with increased capital inflow that will come with IMF programme will strengthen kwacha and allow us to import inputs and machinery needed by SMEs for small