Zambia Nears Completion of Debt Restructuring as Inflation Outlook Improves

• Zambia achieves 90% agreement in principle with creditors, with final negotiations underway in China.
• Inflation projected to drop to 13.9% in 2025, down from 16.7%, according to the Bank of Zambia.

Lusaka, Zambia – Zambia has made significant strides in restructuring its external debt, reaching 90% agreement in principle with creditors, Acting Permanent Secretary for Economic Management Mulele Mulele disclosed on Tuesday. Speaking at a town hall meeting at the Mulungushi International Conference Centre in Lusaka, Mulele noted that a Zambian delegation, including Secretary to the Treasury Felix Nkulukusa and Bank of Zambia Deputy Governor, is in China to finalise negotiations with commercial creditors and “complete the circle.”