Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.55%
12M T-Bill Rate10.07%
2Y T-Bond Rate10.55%/ 10.65%
4Y T-Bond Rate11.80% / 11.85%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Zambia authorities are intending to exclude the domestic debt restructuring - IMF Report

InternationalSep 8, 2022
Zambia authorities are intending to exclude the domestic debt restructuring  - IMF Report

Domestic debt restructuring has been a wider topic in sovereign debt defaulted countries including Sri Lanka. IMF Executive Board approved the New Extended Credit Facility (ECF) for Zambia of USD 1.3Bn ( 5% of the GDP) for 38 months. Despite the creditor negotiation being yet to finish, Zambia authorities intend to exclude the domestic debt from restructuring.

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