Achievements
A record of key milestones and accomplishments across economy, education, health, mining, agriculture, energy, infrastructure and governance under President Hichilema's leadership.
National Budget Over 80% Locally Financed
Under President Hichilema's fiscal reform agenda, Zambia's national budget has become over 80 percent locally financed — a historic milestone in the c...
Lusaka Securities Exchange Posts 55.8% Growth
The Lusaka Securities Exchange all-share index posted a remarkable 55.8 percent year-to-date growth, reflecting strong investor confidence in Zambia's...
Over 92% of External Debt Successfully Restructured
The UPND New Dawn administration successfully restructured over 92 percent of Zambia's external debt under the G20 Common Framework, easing debt servi...
Fiscal Deficit Reduced from 9% to Under 6% of GDP
Through disciplined fiscal management, the government reduced the fiscal deficit from over nine percent of GDP in 2020 to under six percent by 2024, r...
Average GDP Growth of 5.2% (2021-2024)
Zambia's economy grew at an average rate of 5.2 percent between 2021 and 2024, more than three times the 1.5 percent average recorded between 2017 and...
US$6.3 Billion External Debt Restructuring Secured
Zambia secured a landmark US$6.3 billion external debt restructuring package under the G20 Common Framework, achieving 92% Agreement in Principle with...
Sovereign Credit Rating Upgraded from Default
Standard & Poor's Global Ratings upgraded Zambia's sovereign credit standing from "D" (default) to "C+", marking the country's exit from debt default...
Inflation Reduced from 24.4% to Single Digits
Inflation fell sharply from 24.4 percent in August 2021 to 8.9 percent by the end of 2023, reflecting the effectiveness of monetary and fiscal reforms...
Zambia's Historic Debt Restructuring Deal
At the New Global Financing Pact Summit in Paris, Zambia negotiated a landmark debt restructuring deal for $6.3 billion of external debt with its cred...
IMF Staff-Level Agreement Secured
The IMF and Zambia reached a staff-level agreement for a $1.4 billion programme to support the restoration of macroeconomic stability, marking Zambia'...