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.

AfCFTA could boost African incomes by 9%, says World Bank report

Full implementation of the African Continental Free Trade Agreement (AfCFTA) could increase FDI by up to 159%, with positive impacts for trade and incomes. Charles Dietz Reforms set in motion by the implementation of the African Continental Free Trade Area (AfCFTA) could lead to a rise in foreign direct investment (FDI) that would boost incomes

World Bank Lower Grading not a true reflection of Economic Performance

ByYohane Mbeeya Moono In the early 2000s during the country was heavily indebted and this brought back the Highly Indebted Poor Countries (HIPC) completion point. This made the New Deal Administration to embark on an ambitious project called the Vision2030 a blueprint that spelt out how Zambia would achieve Lower Middle Income Status in 10

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

TOP 20 LIST OF THE MOST INDEBTED NATIONS IN THE WORLD.

In the words of Thomas Isidore Sankara- Debt is cleverly managed reconquest of Africa aiming at subjugating it’s growth and development through foreign rules. Thus this has successfully managed to make the continent become financial slaves which is to say true slaves. Africa has been projected to have reached an impregnable debt point. Yet the

EuroBonds vs Brentwood Institutions (IMF and World Bank)

By Yohane Mbeeya Moono The August elections brought a serious debate on the state of the Zambian economy and the future of the country’s Economic Transformation and Development. The biggest issue has centred around which source of financing the capital projects in the country is better. Looking at the conditions of the such financial Institutions