The Executive Board of the World Bank granted approval on Saturday for a $125 million loan to Zambia, signaling a crucial step in the efforts to restore macroeconomic stability, navigate the country toward sustainable debt levels, and stimulate inclusive growth led by the private sector.
This approval comes on the heels of a thorough review of Zambia’s Second Macroeconomic Stability, Growth, and Competitiveness Development Policy Financing under Development Policy Operation 2 (DPO 2) Financing.
Simultaneously, a detailed implementation plan (IP) has been formulated following the 2022 Institutional Safeguards Review (ISR). This plan outlines concrete measures and policy adjustments essential for strengthening institutional governance. The coordinated initiatives are geared towards fostering a resilient economic environment and promoting the well-rounded growth of Zambia.
