Zambia inflation nears two-year high
Zambia’s annual inflation rate rose to an almost two-year high amid the ongoing depreciation of its currency, piling pressure on monetary policymakers to act when they meet next month.
Zambia
World Bank Approves $275 Million to Zambia in Support of Macroeconomic Stability, Growth, and Competitiveness
The World Bank has approved a $275 million development policy operation for Zambia in support of the country’s reforms to restore fiscal and debt sustainability and promote private sector-led growth. The operation is an integral part of IDA’s substantial contribution to help Zambia recover from the COVID-19 pandemic and spillovers from the war in Ukraine, emerge from its debt crisis, and to shift to a more sustainable and inclusive growth.
Inflation in Zambia up to 9.9% in July
Year-on-year inflation in Zambia stood at 9.9 percent in July, up from 9.7 percent in June, data released by the country's statistics agency on Thursday has shown.
Zambia projects 3.3% GDP growth in 2021, targets 3.5 GDP growth this year
The Zambian government has projected a modest 3.5 percent rise in its Gross Domestic Product (GDP) for 2022, a small rise from the 3.3 expected to have been attained last year.
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