Zambia’s Financial Stability and Prospects for Growth
The decline of copper prices, and the effects of environmental change on agricultural output and energy generation, have slowed Zambia’s economic growth, which in 2015 fell to its lowest level since 1998. High levels of public expenditure on infrastructure development generated a budget shortfall of almost 10 per cent in 2016. But the government has stated that it expects a reduction in the budget deficit in 2017. Ongoing discussions with the IMF may lead to financial support, and increasing copper prices could support a recovery.
At this meeting, Minister of Finance Felix Mutati will outline the government’s plan to secure financial stability and generate inclusive economic growth.