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Zambia's economy continuing to recover.

LUSAKA: An Economic Brief released by the World Bank revealed Zambia's economy is continuing to recover, but its economic growth rate is expected to improve only modestly this year--to 3.8% in 2017 from 3.6% in 2016.

The brief says that, despite a bumper harvest, improved electricity generation, and an easing of monetary policy, the country's economic recovery has remained subdued because of weak performances in the service, mining, and construction sectors. Growth is expected to strengthen, however, in coming years--to 4.3% in 2018 and 4.7% in 2019. This forecast assumes the government will continue to implement its economic reform program, Zambia Plus.

The economic brief, How Zambia Can Borrow Without Sorrow, highlights Zambia's tapping of debt capital markets. It says that having many sources of borrowing requires a new, more active approach to debt management that contrasts with the passive debt management approach adopted since Zambia was granted debt relief about ten years ago. Being active, it says, means implementing a well-crafted strategy to reduce the cost of borrowing, extend its terms, and diversify the sources of debt funding.

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Publication:Daily the Pak Banker (Lahore, Pakistan)
Geographic Code:6ZAMB
Date:Jan 4, 2018
Words:183
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