Inflation ( CCPI)4.0% (Aug 2023)
GDP-3.1% (2Q 2023)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate18.12%
12M T-Bill Rate13.32%
2Y T-Bond Rate14.60%/ 15.00%
4Y T-Bond Rate14.50% / 14.90%
USD/LKR322/323
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Cum. Trade Deficit $2,623 Mn (July 2023 cumulative)
Cum. Fiscal DeficitLKR 1,243 Bn (June 2023)

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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