Top Tweets for #GreenGrowthCompact

over 1 year ago

🇬🇧is a top 5 investor in #Zambia. The 🇬🇧-🇿🇲 #GreenGrowthCompact aims to boost UK investment & create jobs in Zambia’s mining and renewable energy sectors. We have already supported nearly £2bn new 🇬🇧 investment under the Compact. #GoFarGoTogether

UK at the African Union @UK_AfricanUnion

over 1 year ago

.@_AfricanUnion Summit Week is on! The UK is working in partnership w/ Kenya & @TradeMarkAfrica to deliver #Agenda2063 & @AfCFTA Infrastructure improvements at Mombasa Port are driving growth by helping women open businesses and making communities safer 🇰🇪🤝🇬🇧 #GoFarGoTogether

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Sam Waldock @samwaldock

over 1 year ago

We commend Zambia's successful completion of it's 4th IMF review. This milestone reflects ongoing commitment to economic reform & sustainable growth. @AnnelieseDodds last week reaffirmed the 🇿🇲🇬🇧 #GreenGrowthCompact, signaling @UKinZambia support for Zambia’s economic future.

samwaldock's tweet photo. We commend Zambia's successful completion of it's 4th IMF review.

This milestone reflects ongoing commitment to economic reform & sustainable growth.

@AnnelieseDodds last week reaffirmed the 🇿🇲🇬🇧 #GreenGrowthCompact, signaling @UKinZambia support for Zambia’s economic future. https://t.co/jP5NVxyg4a

Financial Insight @FinInsightZam

over 1 year ago

𝗜𝗠𝗙 𝗗𝗜𝗦𝗕𝗨𝗥𝗦𝗘𝗦 𝗨𝗦$𝟭𝟴𝟰 𝗠𝗜𝗟𝗟𝗜𝗢𝗡 𝗙𝗢𝗟𝗟𝗢𝗪𝗜𝗡𝗚 𝗧𝗛𝗘 𝗕𝗢𝗔𝗥𝗗 𝗔𝗣𝗣𝗥𝗢𝗩𝗔𝗟 𝗢𝗙 𝗧𝗛𝗘 𝟰𝘁𝗵 𝗥𝗘𝗩𝗜𝗘𝗪 𝗢𝗙 𝗭𝗔𝗠𝗕𝗜𝗔’𝗦 𝗘𝗖𝗙 𝗦𝗨𝗣𝗣𝗢𝗥𝗧𝗘𝗗 𝗣𝗥𝗢𝗚𝗥𝗔𝗠𝗠𝗘 𝗧𝘂𝗲𝘀𝗱𝗮𝘆, 𝟭𝟳𝘁𝗵 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿, 𝟮𝟬𝟮𝟰 - The Executive Board of the International Monetary Fund (IMF) has approved, Monday, the fourth (4th) review of 38- month Extended Credit Facility (ECF) arrangement. The approval triggers an immediate disbursement of the fifth tranche under the ECF arrangement amounting to about US $184 million (SDR 138.8 million). This brings total disbursement under the ECF- supported program to SDR 992.86 million (about US$1.3 billion). Following the Executive Board discussion on Zambia, Mr. NIGEL CLARKE, Deputy Managing Director, and Acting Chair, issued the following statement: “𝘗𝘳𝘰𝘨𝘳𝘢𝘮 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘳𝘦𝘮𝘢𝘪𝘯𝘴 𝘴𝘢𝘵𝘪𝘴𝘧𝘢𝘤𝘵𝘰𝘳𝘺, 𝘢𝘴 𝘵𝘩𝘦 𝘢𝘶𝘵𝘩𝘰𝘳𝘪𝘵𝘪𝘦𝘴 𝘳𝘦𝘮𝘢𝘪𝘯 𝘤𝘰𝘮𝘮𝘪𝘵𝘵𝘦𝘥 𝘵𝘰 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘤 𝘴𝘵𝘢𝘣𝘪𝘭𝘪𝘻𝘢𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘢𝘥𝘷𝘢𝘯𝘤𝘪𝘯𝘨 𝘴𝘵𝘳𝘶𝘤𝘵𝘶𝘳𝘢𝘭 𝘢𝘯𝘥 𝘨𝘰𝘷𝘦𝘳𝘯𝘢𝘯𝘤𝘦 𝘳𝘦𝘧𝘰𝘳𝘮𝘴, 𝘥𝘦𝘴𝘱𝘪𝘵𝘦 𝘵𝘩𝘦 𝘴𝘦𝘷𝘦𝘳𝘦 𝘪𝘮𝘱𝘢𝘤𝘵 𝘰𝘧 𝘢 𝘩𝘪𝘴𝘵𝘰𝘳𝘪𝘤 𝘥𝘳𝘰𝘶𝘨𝘩𝘵. 𝘊𝘰𝘯𝘵𝘳𝘢𝘤𝘵𝘪𝘯𝘨 𝘢𝘨𝘳𝘪𝘤𝘶𝘭𝘵𝘶𝘳𝘢𝘭 𝘢𝘯𝘥 𝘦𝘭𝘦𝘤𝘵𝘳𝘪𝘤𝘪𝘵𝘺 𝘰𝘶𝘵𝘱𝘶𝘵𝘴 𝘩𝘢𝘷𝘦 𝘴𝘭𝘰𝘸𝘦𝘥 𝘨𝘳𝘰𝘸𝘵𝘩 𝘢𝘯𝘥 𝘢𝘤𝘤𝘦𝘭𝘦𝘳𝘢𝘵𝘦𝘥 𝘪𝘯𝘧𝘭𝘢𝘵𝘪𝘰𝘯. “𝘍𝘪𝘴𝘤𝘢𝘭 𝘤𝘰𝘯𝘴𝘰𝘭𝘪𝘥𝘢𝘵𝘪𝘰𝘯, 𝘱𝘳𝘶𝘥𝘦𝘯𝘵 𝘮𝘰𝘯𝘦𝘵𝘢𝘳𝘺 𝘱𝘰𝘭𝘪𝘤𝘺 𝘢𝘯𝘥 𝘧𝘶𝘳𝘵𝘩𝘦𝘳 𝘳𝘦𝘴𝘦𝘳𝘷𝘦 𝘢𝘤𝘤𝘶𝘮𝘶𝘭𝘢𝘵𝘪𝘰𝘯, 𝘦𝘹𝘤𝘩𝘢𝘯𝘨𝘦 𝘳𝘢𝘵𝘦 𝘧𝘭𝘦𝘹𝘪𝘣𝘪𝘭𝘪𝘵𝘺, 𝘢𝘯𝘥 𝘴𝘰𝘶𝘯𝘥 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘱𝘰𝘭𝘪𝘤𝘪𝘦𝘴 𝘸𝘪𝘭𝘭 𝘣𝘦 𝘤𝘳𝘶𝘤𝘪𝘢𝘭 𝘧𝘰𝘳 𝘴𝘢𝘧𝘦𝘨𝘶𝘢𝘳𝘥𝘪𝘯𝘨 𝘮𝘢𝘤𝘳𝘰- 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘴𝘵𝘢𝘣𝘪𝘭𝘪𝘵𝘺 𝘢𝘯𝘥 𝘣𝘶𝘪𝘭𝘥𝘪𝘯𝘨 𝘳𝘦𝘴𝘪𝘭𝘪𝘦𝘯𝘤𝘦 𝘢𝘨𝘢𝘪𝘯𝘴𝘵 𝘴𝘩𝘰𝘤𝘬𝘴. ”𝘛𝘩𝘦 𝘧𝘪𝘴𝘤𝘢𝘭 𝘤𝘰𝘯𝘴𝘰𝘭𝘪𝘥𝘢𝘵𝘪𝘰𝘯 𝘱𝘢𝘵𝘩 𝘦𝘯𝘷𝘪𝘴𝘢𝘨𝘦𝘥 𝘪𝘯 2025 𝘸𝘪𝘭𝘭 𝘴𝘶𝘱𝘱𝘰𝘳𝘵 𝘳𝘦𝘴𝘵𝘰𝘳𝘪𝘯𝘨 𝘧𝘪𝘴𝘤𝘢𝘭 𝘢𝘯𝘥 𝘥𝘦𝘣𝘵 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘪𝘭𝘪𝘵𝘺. 𝘗𝘭𝘢𝘯𝘯𝘦𝘥 𝘮𝘦𝘢𝘴𝘶𝘳𝘦𝘴 𝘵𝘰 𝘦𝘹𝘱𝘢𝘯𝘥 𝘵𝘩𝘦 𝘵𝘢𝘹 𝘣𝘢𝘴𝘦, 𝘩𝘢𝘳𝘮𝘰𝘯𝘪𝘻𝘦 𝘤𝘰𝘳𝘱𝘰𝘳𝘢𝘵𝘦 𝘪𝘯𝘤𝘰𝘮𝘦 𝘵𝘢𝘹, 𝘢𝘯𝘥 𝘪𝘯𝘥𝘦𝘹 𝘦𝘹𝘤𝘪𝘴𝘦𝘴 𝘢𝘳𝘦 𝘢𝘥𝘦𝘲𝘶𝘢𝘵𝘦, 𝘢𝘭𝘵𝘩𝘰𝘶𝘨𝘩 𝘩𝘦𝘪𝘨𝘩𝘵𝘦𝘯𝘦𝘥 𝘳𝘪𝘴𝘬𝘴 𝘵𝘰 𝘵𝘩𝘦 𝘱𝘰𝘴𝘵- 𝘥𝘳𝘰𝘶𝘨𝘩𝘵 𝘳𝘦𝘤𝘰𝘷𝘦𝘳𝘺 𝘯𝘦𝘤𝘦𝘴𝘴𝘪𝘵𝘢𝘵𝘦 𝘤𝘰𝘯𝘵𝘪𝘯𝘨𝘦𝘯𝘤𝘺 𝘳𝘦𝘷𝘦𝘯𝘶𝘦 𝘢𝘯𝘥 𝘦𝘹𝘱𝘦𝘯𝘥𝘪𝘵𝘶𝘳𝘦 𝘮𝘦𝘢𝘴𝘶𝘳𝘦𝘴. 𝘗𝘳𝘰𝘨𝘳𝘦𝘴𝘴 𝘪𝘯 𝘦𝘯𝘩𝘢𝘯𝘤𝘪𝘯𝘨 𝘳𝘦𝘷𝘦𝘯𝘶𝘦 𝘮𝘰𝘣𝘪𝘭𝘪𝘻𝘢𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘴𝘵𝘳𝘦𝘯𝘨𝘵𝘩𝘦𝘯𝘪𝘯𝘨 𝘴𝘱𝘦𝘯𝘥𝘪𝘯𝘨 𝘦𝘧𝘧𝘪𝘤𝘪𝘦𝘯𝘤𝘺 𝘢𝘯𝘥 𝘵𝘳𝘢𝘯𝘴𝘱𝘢𝘳𝘦𝘯𝘤𝘺, 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘰𝘧 𝘴𝘵𝘢𝘵𝘦-𝘰𝘸𝘯𝘦𝘥 𝘦𝘯𝘵𝘦𝘳𝘱𝘳𝘪𝘴𝘦𝘴, 𝘢𝘳𝘦 𝘤𝘳𝘪𝘵𝘪𝘤𝘢𝘭 𝘵𝘰 𝘨𝘦𝘯𝘦𝘳𝘢𝘵𝘦 𝘮𝘶𝘤𝘩 𝘯𝘦𝘦𝘥𝘦𝘥 𝘧𝘪𝘴𝘤𝘢𝘭 𝘴𝘱𝘢𝘤𝘦, 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘵𝘰 𝘴𝘶𝘱𝘱𝘰𝘳𝘵 𝘵𝘩𝘦 𝘮𝘰𝘴𝘵 𝘷𝘶𝘭𝘯𝘦𝘳𝘢𝘣𝘭𝘦. “𝘡𝘢𝘮𝘣𝘪𝘢’𝘴 𝘱𝘶𝘣𝘭𝘪𝘤 𝘥𝘦𝘣𝘵 𝘪𝘴 𝘢𝘴𝘴𝘦𝘴𝘴𝘦𝘥 𝘢𝘴 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘭𝘦 𝘣𝘶𝘵 𝘳𝘦𝘮𝘢𝘪𝘯𝘴 𝘢𝘵 𝘩𝘪𝘨𝘩 𝘳𝘪𝘴𝘬 𝘰𝘧 𝘰𝘷𝘦𝘳𝘢𝘭𝘭 𝘢𝘯𝘥 𝘦𝘹𝘵𝘦𝘳𝘯𝘢𝘭 𝘥𝘦𝘣𝘵 𝘥𝘪𝘴𝘵𝘳𝘦𝘴𝘴. 𝘛𝘩𝘪𝘴 𝘢𝘴𝘴𝘦𝘴𝘴𝘮𝘦𝘯𝘵 𝘪𝘴 𝘣𝘢𝘴𝘦𝘥 𝘰𝘯 𝘢 𝘧𝘶𝘭𝘭 𝘱𝘰𝘴𝘵- 𝘳𝘦𝘴𝘵𝘳𝘶𝘤𝘵𝘶𝘳𝘪𝘯𝘨 𝘮𝘢𝘤𝘳𝘰𝘧𝘳𝘢𝘮𝘦𝘸𝘰𝘳𝘬, 𝘪𝘯𝘤𝘰𝘳𝘱𝘰𝘳𝘢𝘵𝘪𝘯𝘨 𝘵𝘩𝘦 𝘵𝘳𝘦𝘢𝘵𝘮𝘦𝘯𝘵 𝘰𝘧 𝘰𝘧𝘧𝘪𝘤𝘪𝘢𝘭 𝘣𝘪𝘭𝘢𝘵𝘦𝘳𝘢𝘭 𝘤𝘭𝘢𝘪𝘮𝘴 𝘢𝘨𝘳𝘦𝘦𝘥 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘰𝘧𝘧𝘪𝘤𝘪𝘢𝘭 𝘤𝘳𝘦𝘥𝘪𝘵𝘰𝘳𝘴 𝘤𝘰𝘮𝘮𝘪𝘵𝘵𝘦𝘦, 𝘵𝘩𝘦 𝘤𝘰𝘮𝘱𝘭𝘦𝘵𝘦𝘥 𝘌𝘶𝘳𝘰𝘣𝘰𝘯𝘥 𝘦𝘹𝘤𝘩𝘢𝘯𝘨𝘦, 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘢𝘨𝘳𝘦𝘦𝘮𝘦𝘯𝘵𝘴 𝘪𝘯 𝘱𝘳𝘪𝘯𝘤𝘪𝘱𝘭𝘦 𝘸𝘪𝘵𝘩 𝘮𝘰𝘴𝘵 𝘤𝘰𝘮𝘮𝘦𝘳𝘤𝘪𝘢𝘭 𝘱𝘳𝘪𝘷𝘢𝘵𝘦 𝘤𝘳𝘦𝘥𝘪𝘵𝘰𝘳𝘴. 𝘡𝘢𝘮𝘣𝘪𝘢 𝘪𝘴 𝘦𝘹𝘱𝘦𝘤𝘵𝘦𝘥 𝘵𝘰 𝘳𝘦𝘢𝘤𝘩 𝘢 𝘮𝘰𝘥𝘦𝘳𝘢𝘵𝘦 𝘳𝘪𝘴𝘬 𝘰𝘧 𝘦𝘹𝘵𝘦𝘳𝘯𝘢𝘭 𝘥𝘦𝘣𝘵 𝘥𝘪𝘴𝘵𝘳𝘦𝘴𝘴 𝘰𝘷𝘦𝘳 𝘵𝘩𝘦 𝘮𝘦𝘥𝘪𝘶𝘮 𝘵𝘦𝘳𝘮. “𝘛𝘩𝘦 𝘉𝘢𝘯𝘬 𝘰𝘧 𝘡𝘢𝘮𝘣𝘪𝘢 𝘳𝘦𝘮𝘢𝘪𝘯𝘴 𝘳𝘦𝘢𝘥𝘺 𝘵𝘰 𝘢𝘤𝘵 𝘢𝘯𝘥 𝘮𝘢𝘪𝘯𝘵𝘢𝘪𝘯𝘴 𝘥𝘢𝘵𝘢- 𝘥𝘦𝘱𝘦𝘯𝘥𝘦𝘯𝘵 𝘮𝘰𝘯𝘦𝘵𝘢𝘳𝘺 𝘱𝘰𝘭𝘪𝘤𝘺, 𝘸𝘩𝘪𝘤𝘩 𝘪𝘴 𝘬𝘦𝘺 𝘵𝘰 𝘱𝘳𝘦𝘴𝘦𝘳𝘷𝘪𝘯𝘨 𝘵𝘩𝘦 𝘤𝘳𝘦𝘥𝘪𝘣𝘪𝘭𝘪𝘵𝘺 𝘰𝘧 𝘪𝘵𝘴 𝘪𝘯𝘧𝘭𝘢𝘵𝘪𝘰𝘯 𝘵𝘢𝘳𝘨𝘦𝘵𝘪𝘯𝘨 𝘧𝘳𝘢𝘮𝘦𝘸𝘰𝘳𝘬. 𝘙𝘦𝘴𝘦𝘳𝘷𝘦 𝘢𝘤𝘤𝘶𝘮𝘶𝘭𝘢𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘦𝘥 𝘦𝘹𝘤𝘩𝘢𝘯𝘨𝘦 𝘳𝘢𝘵𝘦 𝘧𝘭𝘦𝘹𝘪𝘣𝘪𝘭𝘪𝘵𝘺 𝘳𝘦𝘮𝘢𝘪𝘯 𝘤𝘳𝘪𝘵𝘪𝘤𝘢𝘭 𝘧𝘰𝘳 𝘢𝘥𝘥𝘳𝘦𝘴𝘴𝘪𝘯𝘨 𝘦𝘹𝘵𝘦𝘳𝘯𝘢𝘭 𝘴𝘩𝘰𝘤𝘬𝘴. “𝘎𝘰𝘷𝘦𝘳𝘯𝘢𝘯𝘤𝘦 𝘢𝘯𝘥 𝘴𝘵𝘳𝘶𝘤𝘵𝘶𝘳𝘢𝘭 𝘳𝘦𝘧𝘰𝘳𝘮𝘴 𝘢𝘳𝘦 𝘷𝘪𝘵𝘢𝘭 𝘧𝘰𝘳 𝘱𝘳𝘰𝘮𝘰𝘵𝘪𝘯𝘨 𝘱𝘳𝘪𝘷𝘢𝘵𝘦 𝘴𝘦𝘤𝘵𝘰𝘳 𝘢𝘤𝘵𝘪𝘷𝘪𝘵𝘺 𝘢𝘯𝘥 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘤 𝘥𝘪𝘷𝘦𝘳𝘴𝘪𝘧𝘪𝘤𝘢𝘵𝘪𝘰𝘯. 𝘌𝘯𝘩𝘢𝘯𝘤𝘪𝘯𝘨 𝘵𝘳𝘢𝘯𝘴𝘱𝘢𝘳𝘦𝘯𝘤𝘺 𝘪𝘯 𝘵𝘩𝘦 𝘦𝘯𝘦𝘳𝘨𝘺 𝘴𝘦𝘤𝘵𝘰𝘳 𝘢𝘯𝘥 𝘳𝘦𝘴𝘰𝘶𝘳𝘤𝘦 𝘮𝘢𝘯𝘢𝘨𝘦𝘮𝘦𝘯𝘵, 𝘴𝘵𝘳𝘦𝘯𝘨𝘵𝘩𝘦𝘯𝘪𝘯𝘨 𝘢𝘯𝘵𝘪- 𝘤𝘰𝘳𝘳𝘶𝘱𝘵𝘪𝘰𝘯 𝘮𝘦𝘢𝘴𝘶𝘳𝘦𝘴, 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘪𝘯𝘨 𝘢𝘨𝘳𝘪𝘤𝘶𝘭𝘵𝘶𝘳𝘦 𝘳𝘦𝘧𝘰𝘳𝘮, 𝘢𝘭𝘰𝘯𝘨𝘴𝘪𝘥𝘦 𝘣𝘶𝘪𝘭𝘥𝘪𝘯𝘨 𝘤𝘭𝘪𝘮𝘢𝘵𝘦 𝘳𝘦𝘴𝘪𝘭𝘪𝘦𝘯𝘤𝘦, 𝘸𝘪𝘭𝘭 𝘪𝘮𝘱𝘳𝘰𝘷𝘦 𝘵𝘩𝘦 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘤𝘭𝘪𝘮𝘢𝘵𝘦 𝘢𝘯𝘥 𝘴𝘶𝘱𝘱𝘰𝘳𝘵 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘭𝘦 𝘢𝘯𝘥 𝘮𝘰𝘳𝘦 𝘪𝘯𝘤𝘭𝘶𝘴𝘪𝘷𝘦 𝘨𝘳𝘰𝘸𝘵𝘩. Commenting on the positive news from the IMF, Finance and National Planning Minister Dr SITUMBEKO MUSOKOTWANE, MP, said the Zambian Government is very grateful that the IMF Executive Board has approved the fourth review of the ECF Programme. We are very grateful for the continuous support from the IMF Executive Board, Management, and the Staff for the US$ 184 million, the Minister said, adding that: “𝘛𝘩𝘦 𝘣𝘰𝘢𝘳𝘥 𝘢𝘱𝘱𝘳𝘰𝘷𝘢𝘭 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘢𝘴𝘴𝘦𝘴𝘴𝘮𝘦𝘯𝘵 𝘰𝘧 𝘰𝘶𝘳 𝘥𝘦𝘣𝘵 𝘢𝘴 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘭𝘦 𝘪𝘴 𝘢 𝘤𝘭𝘦𝘢𝘳 𝘵𝘦𝘴𝘵𝘪𝘮𝘰𝘯𝘺 𝘰𝘧 𝘵𝘩𝘦 𝘤𝘰𝘯𝘧𝘪𝘥𝘦𝘯𝘤𝘦 𝘵𝘩𝘢𝘵 𝘵𝘩𝘦 𝘐𝘔𝘍 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘪𝘯𝘵𝘦𝘳𝘯𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘤𝘰𝘮𝘮𝘶𝘯𝘪𝘵𝘺 𝘩𝘢𝘷𝘦 𝘪𝘯 𝘵𝘩𝘦 𝘴𝘵𝘦𝘢𝘥𝘺 𝘱𝘳𝘰𝘨𝘳𝘦𝘴𝘴 𝘵𝘩𝘢𝘵 𝘡𝘢𝘮𝘣𝘪𝘢 𝘪𝘴 𝘮𝘢𝘬𝘪𝘯𝘨 𝘵𝘰𝘸𝘢𝘳𝘥𝘴 𝘵𝘩𝘦 𝘶𝘭𝘵𝘪𝘮𝘢𝘵𝘦 𝘴𝘶𝘤𝘤𝘦𝘴𝘴 𝘰𝘧 𝘰𝘶𝘳 𝘩𝘰𝘮𝘦- 𝘨𝘳𝘰𝘸𝘯 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘤 𝘵𝘳𝘢𝘯𝘴𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘢𝘨𝘦𝘯𝘥𝘢 - 𝘵𝘢𝘳𝘨𝘦𝘵𝘦𝘥 𝘢𝘵 𝘯𝘰𝘵 𝘰𝘯𝘭𝘺 𝘳𝘦𝘴𝘵𝘰𝘳𝘪𝘯𝘨 𝘮𝘢𝘤𝘳𝘰𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘤, 𝘧𝘪𝘴𝘤𝘢𝘭 𝘢𝘯𝘥 𝘥𝘦𝘣𝘵 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘪𝘭𝘪𝘵𝘺, 𝘣𝘶𝘵 𝘢𝘭𝘴𝘰 𝘦𝘯𝘩𝘢𝘯𝘤𝘪𝘯𝘨 𝘩𝘶𝘮𝘢𝘯 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵 𝘢𝘯𝘥 𝘪𝘮𝘱𝘳𝘰𝘷𝘪𝘯𝘨 𝘵𝘩𝘦 𝘨𝘰𝘰𝘥 𝘨𝘰𝘷𝘦𝘳𝘯𝘢𝘯𝘤𝘦 𝘦𝘯𝘷𝘪𝘳𝘰𝘯𝘮𝘦𝘯𝘵 𝘵𝘰 𝘢𝘵𝘵𝘳𝘢𝘤𝘵 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵𝘴, 𝘤𝘳𝘦𝘢𝘵𝘦 𝘮𝘰𝘳𝘦 𝘫𝘰𝘣𝘴 𝘧𝘰𝘳 𝘤𝘪𝘵𝘪𝘻𝘦𝘯𝘴, 𝘢𝘯𝘥 𝘣𝘶𝘪𝘭𝘥 𝘯𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘸𝘦𝘢𝘭𝘵𝘩. “𝘞𝘦 𝘢𝘤𝘬𝘯𝘰𝘸𝘭𝘦𝘥𝘨𝘦, 𝘸𝘪𝘵𝘩 𝘥𝘦𝘵𝘦𝘳𝘮𝘪𝘯𝘢𝘵𝘪𝘰𝘯 𝘵𝘰 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦 𝘰𝘯 𝘵𝘩𝘦 𝘱𝘢𝘵𝘩 𝘰𝘧 𝘴𝘶𝘤𝘤𝘦𝘴𝘴, 𝘵𝘩𝘦 𝘤𝘰𝘮𝘮𝘦𝘯𝘥𝘢𝘵𝘪𝘰𝘯 𝘰𝘧 𝘵𝘩𝘦 𝘣𝘰𝘢𝘳𝘥 𝘰𝘯 𝘡𝘢𝘮𝘣𝘪𝘢’𝘴 𝘴𝘢𝘵𝘪𝘴𝘧𝘢𝘤𝘵𝘰𝘳𝘺 𝘱𝘳𝘰𝘨𝘳𝘢𝘮 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘤𝘰𝘮𝘮𝘪𝘵𝘮𝘦𝘯𝘵 𝘵𝘰 𝘴𝘵𝘢𝘣𝘪𝘭𝘪𝘻𝘦 𝘵𝘩𝘦 𝘦𝘤𝘰𝘯𝘰𝘮𝘺 𝘢𝘯𝘥 𝘪𝘮𝘱𝘭𝘦𝘮𝘦𝘯𝘵 𝘳𝘦𝘧𝘰𝘳𝘮𝘴 𝘢𝘮𝘪𝘥𝘴𝘵 𝘢 𝘤𝘩𝘢𝘭𝘭𝘦𝘯𝘨𝘪𝘯𝘨 𝘦𝘯𝘷𝘪𝘳𝘰𝘯𝘮𝘦𝘯𝘵 𝘮𝘢𝘳𝘬𝘦𝘥 𝘣𝘺 𝘵𝘩𝘦 𝘪𝘮𝘱𝘢𝘤𝘵 𝘰𝘧 𝘢 𝘴𝘦𝘷𝘦𝘳𝘦 𝘥𝘳𝘰𝘶𝘨𝘩𝘵. 𝘊𝘳𝘦𝘥𝘪𝘵 𝘨𝘰𝘦𝘴 𝘵𝘰 𝘰𝘶𝘳 𝘧𝘦𝘭𝘭𝘰𝘸 𝘤𝘪𝘵𝘪𝘻𝘦𝘯𝘴 𝘸𝘩𝘰 𝘩𝘢𝘷𝘦 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦𝘥 𝘵𝘰 𝘴𝘩𝘰𝘸 𝘧𝘪𝘳𝘮 𝘣𝘦𝘭𝘪𝘦𝘧 𝘢𝘯𝘥 𝘳𝘦𝘴𝘪𝘭𝘪𝘦𝘯𝘤𝘦 𝘪𝘯 𝘵𝘩𝘦 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘤 𝘳𝘦𝘧𝘰𝘳𝘮 𝘢𝘯𝘥 𝘵𝘳𝘢𝘯𝘴𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘱𝘳𝘰𝘤𝘦𝘴𝘴, 𝘥𝘦𝘴𝘱𝘪𝘵𝘦 𝘴𝘰𝘮𝘦 𝘤𝘩𝘢𝘭𝘭𝘦𝘯𝘨𝘦𝘴. 𝘐𝘵 𝘪𝘴 𝘧𝘰𝘳 𝘵𝘩𝘪𝘴 𝘳𝘦𝘢𝘴𝘰𝘯 𝘵𝘩𝘢𝘵 𝘶𝘯𝘥𝘦𝘳 𝘵𝘩𝘦 𝘰𝘯𝘨𝘰𝘪𝘯𝘨 𝘐𝘔𝘍 𝘴𝘶𝘱𝘱𝘰𝘳𝘵𝘦𝘥 𝘱𝘳𝘰𝘨𝘳𝘢𝘮𝘮𝘦, 𝘢𝘭𝘭 𝘑𝘶𝘯𝘦 2024 𝘲𝘶𝘢𝘯𝘵𝘪𝘵𝘢𝘵𝘪𝘷𝘦 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘤𝘳𝘪𝘵𝘦𝘳𝘪𝘢 𝘢𝘯𝘥 𝘮𝘰𝘴𝘵 𝘪𝘯𝘥𝘪𝘤𝘢𝘵𝘪𝘷𝘦 𝘵𝘢𝘳𝘨𝘦𝘵𝘴 𝘧𝘰𝘳 𝘑𝘶𝘯𝘦 𝘢𝘯𝘥 𝘚𝘦𝘱𝘵𝘦𝘮𝘣𝘦𝘳 2024 𝘸𝘦𝘳𝘦 𝘮𝘦𝘵, 𝘢𝘴 𝘢𝘵𝘵𝘦𝘴𝘵𝘦𝘥 𝘣𝘺 𝘵𝘩𝘦 𝘐𝘔𝘍. “𝘞𝘦 𝘢𝘳𝘦 𝘦𝘯𝘤𝘰𝘶𝘳𝘢𝘨𝘦𝘥 𝘢𝘯𝘥 𝘸𝘪𝘭𝘭 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦 𝘸𝘪𝘵𝘩 𝘧𝘪𝘴𝘤𝘢𝘭 𝘤𝘰𝘯𝘴𝘰𝘭𝘪𝘥𝘢𝘵𝘪𝘰𝘯, 𝘢𝘯𝘥 𝘸𝘦 𝘴𝘵𝘢𝘯𝘥 𝘳𝘦𝘢𝘥𝘺 𝘵𝘰 𝘵𝘪𝘨𝘩𝘵𝘦𝘯 𝘮𝘰𝘯𝘦𝘵𝘢𝘳𝘺 𝘱𝘰𝘭𝘪𝘤𝘺 𝘧𝘶𝘳𝘵𝘩𝘦𝘳 𝘵𝘰 𝘳𝘦𝘥𝘶𝘤𝘦 𝘪𝘯𝘧𝘭𝘢𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘢𝘤𝘤𝘦𝘭𝘦𝘳𝘢𝘵𝘦 𝘨𝘰𝘷𝘦𝘳𝘯𝘢𝘯𝘤𝘦 𝘢𝘯𝘥 𝘴𝘵𝘳𝘶𝘤𝘵𝘶𝘳𝘢𝘭 𝘳𝘦𝘧𝘰𝘳𝘮𝘴. The approval by the Board comes at a time when the country needs financing to sustain the progressive interventions tailored by the Government to respond to the 2023/2024 drought which severely impacted hydro- dependent electricity generation, agriculture production, and operational incomes for some small- scale and larger businesses, among other socio- economic ventures. It is anticipated that the IMF Board approval, being an endorsement of good economic governance, will help to strengthen investor confidence and accelerate foreign direct investment inflows un view of the assessment of debt as sustainable. We are encouraged by the Board decision and will remain focused on the economic reform process as we continue on the path of enhancing public financial management and good governance, undertaking fiscal control to guarantee debt sustainability, and safeguarding social spending. Because of the decision of the Board, Zambia's economic reform strategy will be strengthened by the funds from the IMF, which will also increase economic resilience in light of the challenging global economic environment. Zambia's ECF arrangement was approved on August 31, 2022, for US$1.3 billion. Following the severe 2023/2024 drought, it was augmented in July, 2024, with an additional 30 percent of quota (SDR293.46 million or US$385.7 million), thereby increasing access to a level of US$1.7 billion - to support implementation of the Eighth National Development Plan. The plan seeks to enhance economic governance, create a stable macroeconomic environment, attain debt and fiscal sustainability on a forward- looking basis, and foster inclusive growth to improve the livelihood of the Zambian people, in all regions, without leaving anyone behind. Issued by (Original Signed) OFFICE OF THE SECRETARY TO THE TREASURY ADDRESS: P.O. Box 50062, Chimanga Road, Lusaka: TEL: +260-211-53512/253786/252121/250544 TWITTER: @MOFNPZambia, EMAIL: [email protected], WEBSITE: https://t.co/syelNy5ZOw FACEBOOK: https://t.co/dwKZG6h0AO #DebtCrisis #IMF #FinancialInsight #Get2Know

FinInsightZam's tweet photo. 𝗜𝗠𝗙 𝗗𝗜𝗦𝗕𝗨𝗥𝗦𝗘𝗦 𝗨𝗦$𝟭𝟴𝟰 𝗠𝗜𝗟𝗟𝗜𝗢𝗡 𝗙𝗢𝗟𝗟𝗢𝗪𝗜𝗡𝗚 𝗧𝗛𝗘 𝗕𝗢𝗔𝗥𝗗 𝗔𝗣𝗣𝗥𝗢𝗩𝗔𝗟 𝗢𝗙 𝗧𝗛𝗘 𝟰𝘁𝗵 𝗥𝗘𝗩𝗜𝗘𝗪 𝗢𝗙 𝗭𝗔𝗠𝗕𝗜𝗔’𝗦 𝗘𝗖𝗙 𝗦𝗨𝗣𝗣𝗢𝗥𝗧𝗘𝗗 𝗣𝗥𝗢𝗚𝗥𝗔𝗠𝗠𝗘

𝗧𝘂𝗲𝘀𝗱𝗮𝘆, 𝟭𝟳𝘁𝗵 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿, 𝟮𝟬𝟮𝟰 - The Executive Board of the International Monetary Fund (IMF) has approved, Monday, the fourth (4th) review of 38- month Extended Credit Facility (ECF) arrangement. The approval triggers an immediate disbursement of the fifth tranche under the ECF arrangement amounting to about US $184 million (SDR 138.8 million). This brings total disbursement under the ECF- supported program to SDR 992.86 million (about US$1.3 billion).

Following the Executive Board discussion on Zambia, Mr. NIGEL CLARKE, Deputy Managing Director, and Acting Chair, issued the following statement:

“𝘗𝘳𝘰𝘨𝘳𝘢𝘮 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘳𝘦𝘮𝘢𝘪𝘯𝘴 𝘴𝘢𝘵𝘪𝘴𝘧𝘢𝘤𝘵𝘰𝘳𝘺, 𝘢𝘴 𝘵𝘩𝘦 𝘢𝘶𝘵𝘩𝘰𝘳𝘪𝘵𝘪𝘦𝘴 𝘳𝘦𝘮𝘢𝘪𝘯 𝘤𝘰𝘮𝘮𝘪𝘵𝘵𝘦𝘥 𝘵𝘰 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘤 𝘴𝘵𝘢𝘣𝘪𝘭𝘪𝘻𝘢𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘢𝘥𝘷𝘢𝘯𝘤𝘪𝘯𝘨 𝘴𝘵𝘳𝘶𝘤𝘵𝘶𝘳𝘢𝘭 𝘢𝘯𝘥 𝘨𝘰𝘷𝘦𝘳𝘯𝘢𝘯𝘤𝘦 𝘳𝘦𝘧𝘰𝘳𝘮𝘴, 𝘥𝘦𝘴𝘱𝘪𝘵𝘦 𝘵𝘩𝘦 𝘴𝘦𝘷𝘦𝘳𝘦 𝘪𝘮𝘱𝘢𝘤𝘵 𝘰𝘧 𝘢 𝘩𝘪𝘴𝘵𝘰𝘳𝘪𝘤 𝘥𝘳𝘰𝘶𝘨𝘩𝘵. 𝘊𝘰𝘯𝘵𝘳𝘢𝘤𝘵𝘪𝘯𝘨 𝘢𝘨𝘳𝘪𝘤𝘶𝘭𝘵𝘶𝘳𝘢𝘭 𝘢𝘯𝘥 𝘦𝘭𝘦𝘤𝘵𝘳𝘪𝘤𝘪𝘵𝘺 𝘰𝘶𝘵𝘱𝘶𝘵𝘴 𝘩𝘢𝘷𝘦 𝘴𝘭𝘰𝘸𝘦𝘥 𝘨𝘳𝘰𝘸𝘵𝘩 𝘢𝘯𝘥 𝘢𝘤𝘤𝘦𝘭𝘦𝘳𝘢𝘵𝘦𝘥 𝘪𝘯𝘧𝘭𝘢𝘵𝘪𝘰𝘯.

“𝘍𝘪𝘴𝘤𝘢𝘭 𝘤𝘰𝘯𝘴𝘰𝘭𝘪𝘥𝘢𝘵𝘪𝘰𝘯, 𝘱𝘳𝘶𝘥𝘦𝘯𝘵 𝘮𝘰𝘯𝘦𝘵𝘢𝘳𝘺 𝘱𝘰𝘭𝘪𝘤𝘺 𝘢𝘯𝘥 𝘧𝘶𝘳𝘵𝘩𝘦𝘳 𝘳𝘦𝘴𝘦𝘳𝘷𝘦 𝘢𝘤𝘤𝘶𝘮𝘶𝘭𝘢𝘵𝘪𝘰𝘯, 𝘦𝘹𝘤𝘩𝘢𝘯𝘨𝘦 𝘳𝘢𝘵𝘦 𝘧𝘭𝘦𝘹𝘪𝘣𝘪𝘭𝘪𝘵𝘺, 𝘢𝘯𝘥 𝘴𝘰𝘶𝘯𝘥 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘱𝘰𝘭𝘪𝘤𝘪𝘦𝘴 𝘸𝘪𝘭𝘭 𝘣𝘦 𝘤𝘳𝘶𝘤𝘪𝘢𝘭 𝘧𝘰𝘳 𝘴𝘢𝘧𝘦𝘨𝘶𝘢𝘳𝘥𝘪𝘯𝘨 𝘮𝘢𝘤𝘳𝘰- 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘴𝘵𝘢𝘣𝘪𝘭𝘪𝘵𝘺 𝘢𝘯𝘥 𝘣𝘶𝘪𝘭𝘥𝘪𝘯𝘨 𝘳𝘦𝘴𝘪𝘭𝘪𝘦𝘯𝘤𝘦 𝘢𝘨𝘢𝘪𝘯𝘴𝘵 𝘴𝘩𝘰𝘤𝘬𝘴.

”𝘛𝘩𝘦 𝘧𝘪𝘴𝘤𝘢𝘭 𝘤𝘰𝘯𝘴𝘰𝘭𝘪𝘥𝘢𝘵𝘪𝘰𝘯 𝘱𝘢𝘵𝘩 𝘦𝘯𝘷𝘪𝘴𝘢𝘨𝘦𝘥 𝘪𝘯 2025 𝘸𝘪𝘭𝘭 𝘴𝘶𝘱𝘱𝘰𝘳𝘵 𝘳𝘦𝘴𝘵𝘰𝘳𝘪𝘯𝘨 𝘧𝘪𝘴𝘤𝘢𝘭 𝘢𝘯𝘥 𝘥𝘦𝘣𝘵 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘪𝘭𝘪𝘵𝘺. 𝘗𝘭𝘢𝘯𝘯𝘦𝘥 𝘮𝘦𝘢𝘴𝘶𝘳𝘦𝘴 𝘵𝘰 𝘦𝘹𝘱𝘢𝘯𝘥 𝘵𝘩𝘦 𝘵𝘢𝘹 𝘣𝘢𝘴𝘦, 𝘩𝘢𝘳𝘮𝘰𝘯𝘪𝘻𝘦 𝘤𝘰𝘳𝘱𝘰𝘳𝘢𝘵𝘦 𝘪𝘯𝘤𝘰𝘮𝘦 𝘵𝘢𝘹, 𝘢𝘯𝘥 𝘪𝘯𝘥𝘦𝘹 𝘦𝘹𝘤𝘪𝘴𝘦𝘴 𝘢𝘳𝘦 𝘢𝘥𝘦𝘲𝘶𝘢𝘵𝘦, 𝘢𝘭𝘵𝘩𝘰𝘶𝘨𝘩 𝘩𝘦𝘪𝘨𝘩𝘵𝘦𝘯𝘦𝘥 𝘳𝘪𝘴𝘬𝘴 𝘵𝘰 𝘵𝘩𝘦 𝘱𝘰𝘴𝘵- 𝘥𝘳𝘰𝘶𝘨𝘩𝘵 𝘳𝘦𝘤𝘰𝘷𝘦𝘳𝘺 𝘯𝘦𝘤𝘦𝘴𝘴𝘪𝘵𝘢𝘵𝘦 𝘤𝘰𝘯𝘵𝘪𝘯𝘨𝘦𝘯𝘤𝘺 𝘳𝘦𝘷𝘦𝘯𝘶𝘦 𝘢𝘯𝘥 𝘦𝘹𝘱𝘦𝘯𝘥𝘪𝘵𝘶𝘳𝘦 𝘮𝘦𝘢𝘴𝘶𝘳𝘦𝘴. 𝘗𝘳𝘰𝘨𝘳𝘦𝘴𝘴 𝘪𝘯 𝘦𝘯𝘩𝘢𝘯𝘤𝘪𝘯𝘨 𝘳𝘦𝘷𝘦𝘯𝘶𝘦 𝘮𝘰𝘣𝘪𝘭𝘪𝘻𝘢𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘴𝘵𝘳𝘦𝘯𝘨𝘵𝘩𝘦𝘯𝘪𝘯𝘨 𝘴𝘱𝘦𝘯𝘥𝘪𝘯𝘨 𝘦𝘧𝘧𝘪𝘤𝘪𝘦𝘯𝘤𝘺 𝘢𝘯𝘥 𝘵𝘳𝘢𝘯𝘴𝘱𝘢𝘳𝘦𝘯𝘤𝘺, 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘰𝘧 𝘴𝘵𝘢𝘵𝘦-𝘰𝘸𝘯𝘦𝘥 𝘦𝘯𝘵𝘦𝘳𝘱𝘳𝘪𝘴𝘦𝘴, 𝘢𝘳𝘦 𝘤𝘳𝘪𝘵𝘪𝘤𝘢𝘭 𝘵𝘰 𝘨𝘦𝘯𝘦𝘳𝘢𝘵𝘦 𝘮𝘶𝘤𝘩 𝘯𝘦𝘦𝘥𝘦𝘥 𝘧𝘪𝘴𝘤𝘢𝘭 𝘴𝘱𝘢𝘤𝘦, 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘵𝘰 𝘴𝘶𝘱𝘱𝘰𝘳𝘵 𝘵𝘩𝘦 𝘮𝘰𝘴𝘵 𝘷𝘶𝘭𝘯𝘦𝘳𝘢𝘣𝘭𝘦.

“𝘡𝘢𝘮𝘣𝘪𝘢’𝘴 𝘱𝘶𝘣𝘭𝘪𝘤 𝘥𝘦𝘣𝘵 𝘪𝘴 𝘢𝘴𝘴𝘦𝘴𝘴𝘦𝘥 𝘢𝘴 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘭𝘦 𝘣𝘶𝘵 𝘳𝘦𝘮𝘢𝘪𝘯𝘴 𝘢𝘵 𝘩𝘪𝘨𝘩 𝘳𝘪𝘴𝘬 𝘰𝘧 𝘰𝘷𝘦𝘳𝘢𝘭𝘭 𝘢𝘯𝘥
𝘦𝘹𝘵𝘦𝘳𝘯𝘢𝘭 𝘥𝘦𝘣𝘵 𝘥𝘪𝘴𝘵𝘳𝘦𝘴𝘴. 𝘛𝘩𝘪𝘴 𝘢𝘴𝘴𝘦𝘴𝘴𝘮𝘦𝘯𝘵 𝘪𝘴 𝘣𝘢𝘴𝘦𝘥 𝘰𝘯 𝘢 𝘧𝘶𝘭𝘭 𝘱𝘰𝘴𝘵- 𝘳𝘦𝘴𝘵𝘳𝘶𝘤𝘵𝘶𝘳𝘪𝘯𝘨 𝘮𝘢𝘤𝘳𝘰𝘧𝘳𝘢𝘮𝘦𝘸𝘰𝘳𝘬, 𝘪𝘯𝘤𝘰𝘳𝘱𝘰𝘳𝘢𝘵𝘪𝘯𝘨 𝘵𝘩𝘦 𝘵𝘳𝘦𝘢𝘵𝘮𝘦𝘯𝘵 𝘰𝘧 𝘰𝘧𝘧𝘪𝘤𝘪𝘢𝘭 𝘣𝘪𝘭𝘢𝘵𝘦𝘳𝘢𝘭 𝘤𝘭𝘢𝘪𝘮𝘴 𝘢𝘨𝘳𝘦𝘦𝘥 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘰𝘧𝘧𝘪𝘤𝘪𝘢𝘭 𝘤𝘳𝘦𝘥𝘪𝘵𝘰𝘳𝘴 𝘤𝘰𝘮𝘮𝘪𝘵𝘵𝘦𝘦, 𝘵𝘩𝘦 𝘤𝘰𝘮𝘱𝘭𝘦𝘵𝘦𝘥 𝘌𝘶𝘳𝘰𝘣𝘰𝘯𝘥 𝘦𝘹𝘤𝘩𝘢𝘯𝘨𝘦, 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘢𝘨𝘳𝘦𝘦𝘮𝘦𝘯𝘵𝘴 𝘪𝘯 𝘱𝘳𝘪𝘯𝘤𝘪𝘱𝘭𝘦 𝘸𝘪𝘵𝘩 𝘮𝘰𝘴𝘵 𝘤𝘰𝘮𝘮𝘦𝘳𝘤𝘪𝘢𝘭 𝘱𝘳𝘪𝘷𝘢𝘵𝘦 𝘤𝘳𝘦𝘥𝘪𝘵𝘰𝘳𝘴. 𝘡𝘢𝘮𝘣𝘪𝘢 𝘪𝘴 𝘦𝘹𝘱𝘦𝘤𝘵𝘦𝘥 𝘵𝘰 𝘳𝘦𝘢𝘤𝘩 𝘢 𝘮𝘰𝘥𝘦𝘳𝘢𝘵𝘦 𝘳𝘪𝘴𝘬 𝘰𝘧 𝘦𝘹𝘵𝘦𝘳𝘯𝘢𝘭 𝘥𝘦𝘣𝘵 𝘥𝘪𝘴𝘵𝘳𝘦𝘴𝘴 𝘰𝘷𝘦𝘳 𝘵𝘩𝘦 𝘮𝘦𝘥𝘪𝘶𝘮 𝘵𝘦𝘳𝘮.

“𝘛𝘩𝘦 𝘉𝘢𝘯𝘬 𝘰𝘧 𝘡𝘢𝘮𝘣𝘪𝘢 𝘳𝘦𝘮𝘢𝘪𝘯𝘴 𝘳𝘦𝘢𝘥𝘺 𝘵𝘰 𝘢𝘤𝘵 𝘢𝘯𝘥 𝘮𝘢𝘪𝘯𝘵𝘢𝘪𝘯𝘴 𝘥𝘢𝘵𝘢- 𝘥𝘦𝘱𝘦𝘯𝘥𝘦𝘯𝘵 𝘮𝘰𝘯𝘦𝘵𝘢𝘳𝘺 𝘱𝘰𝘭𝘪𝘤𝘺, 𝘸𝘩𝘪𝘤𝘩 𝘪𝘴 𝘬𝘦𝘺 𝘵𝘰 𝘱𝘳𝘦𝘴𝘦𝘳𝘷𝘪𝘯𝘨 𝘵𝘩𝘦 𝘤𝘳𝘦𝘥𝘪𝘣𝘪𝘭𝘪𝘵𝘺 𝘰𝘧 𝘪𝘵𝘴 𝘪𝘯𝘧𝘭𝘢𝘵𝘪𝘰𝘯 𝘵𝘢𝘳𝘨𝘦𝘵𝘪𝘯𝘨 𝘧𝘳𝘢𝘮𝘦𝘸𝘰𝘳𝘬. 𝘙𝘦𝘴𝘦𝘳𝘷𝘦 𝘢𝘤𝘤𝘶𝘮𝘶𝘭𝘢𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘦𝘥 𝘦𝘹𝘤𝘩𝘢𝘯𝘨𝘦 𝘳𝘢𝘵𝘦 𝘧𝘭𝘦𝘹𝘪𝘣𝘪𝘭𝘪𝘵𝘺 𝘳𝘦𝘮𝘢𝘪𝘯 𝘤𝘳𝘪𝘵𝘪𝘤𝘢𝘭 𝘧𝘰𝘳 𝘢𝘥𝘥𝘳𝘦𝘴𝘴𝘪𝘯𝘨 𝘦𝘹𝘵𝘦𝘳𝘯𝘢𝘭 𝘴𝘩𝘰𝘤𝘬𝘴.

“𝘎𝘰𝘷𝘦𝘳𝘯𝘢𝘯𝘤𝘦 𝘢𝘯𝘥 𝘴𝘵𝘳𝘶𝘤𝘵𝘶𝘳𝘢𝘭 𝘳𝘦𝘧𝘰𝘳𝘮𝘴 𝘢𝘳𝘦 𝘷𝘪𝘵𝘢𝘭 𝘧𝘰𝘳 𝘱𝘳𝘰𝘮𝘰𝘵𝘪𝘯𝘨 𝘱𝘳𝘪𝘷𝘢𝘵𝘦 𝘴𝘦𝘤𝘵𝘰𝘳 𝘢𝘤𝘵𝘪𝘷𝘪𝘵𝘺 𝘢𝘯𝘥
𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘤 𝘥𝘪𝘷𝘦𝘳𝘴𝘪𝘧𝘪𝘤𝘢𝘵𝘪𝘰𝘯. 𝘌𝘯𝘩𝘢𝘯𝘤𝘪𝘯𝘨 𝘵𝘳𝘢𝘯𝘴𝘱𝘢𝘳𝘦𝘯𝘤𝘺 𝘪𝘯 𝘵𝘩𝘦 𝘦𝘯𝘦𝘳𝘨𝘺 𝘴𝘦𝘤𝘵𝘰𝘳 𝘢𝘯𝘥 𝘳𝘦𝘴𝘰𝘶𝘳𝘤𝘦 𝘮𝘢𝘯𝘢𝘨𝘦𝘮𝘦𝘯𝘵, 𝘴𝘵𝘳𝘦𝘯𝘨𝘵𝘩𝘦𝘯𝘪𝘯𝘨 𝘢𝘯𝘵𝘪- 𝘤𝘰𝘳𝘳𝘶𝘱𝘵𝘪𝘰𝘯 𝘮𝘦𝘢𝘴𝘶𝘳𝘦𝘴, 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘪𝘯𝘨 𝘢𝘨𝘳𝘪𝘤𝘶𝘭𝘵𝘶𝘳𝘦 𝘳𝘦𝘧𝘰𝘳𝘮, 𝘢𝘭𝘰𝘯𝘨𝘴𝘪𝘥𝘦 𝘣𝘶𝘪𝘭𝘥𝘪𝘯𝘨 𝘤𝘭𝘪𝘮𝘢𝘵𝘦 𝘳𝘦𝘴𝘪𝘭𝘪𝘦𝘯𝘤𝘦, 𝘸𝘪𝘭𝘭 𝘪𝘮𝘱𝘳𝘰𝘷𝘦 𝘵𝘩𝘦 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘤𝘭𝘪𝘮𝘢𝘵𝘦 𝘢𝘯𝘥 𝘴𝘶𝘱𝘱𝘰𝘳𝘵 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘭𝘦 𝘢𝘯𝘥 𝘮𝘰𝘳𝘦 𝘪𝘯𝘤𝘭𝘶𝘴𝘪𝘷𝘦 𝘨𝘳𝘰𝘸𝘵𝘩.

Commenting on the positive news from the IMF, Finance and National Planning Minister Dr SITUMBEKO MUSOKOTWANE, MP, said the Zambian Government is very grateful that the IMF Executive Board has approved the fourth review of the ECF Programme.

We are very grateful for the continuous support from the IMF Executive Board, Management, and the Staff for the US$ 184 million, the Minister said, adding that:

“𝘛𝘩𝘦 𝘣𝘰𝘢𝘳𝘥 𝘢𝘱𝘱𝘳𝘰𝘷𝘢𝘭 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘢𝘴𝘴𝘦𝘴𝘴𝘮𝘦𝘯𝘵 𝘰𝘧 𝘰𝘶𝘳 𝘥𝘦𝘣𝘵 𝘢𝘴 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘭𝘦 𝘪𝘴 𝘢 𝘤𝘭𝘦𝘢𝘳 𝘵𝘦𝘴𝘵𝘪𝘮𝘰𝘯𝘺 𝘰𝘧 𝘵𝘩𝘦 𝘤𝘰𝘯𝘧𝘪𝘥𝘦𝘯𝘤𝘦 𝘵𝘩𝘢𝘵 𝘵𝘩𝘦 𝘐𝘔𝘍 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘪𝘯𝘵𝘦𝘳𝘯𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘤𝘰𝘮𝘮𝘶𝘯𝘪𝘵𝘺 𝘩𝘢𝘷𝘦 𝘪𝘯 𝘵𝘩𝘦 𝘴𝘵𝘦𝘢𝘥𝘺 𝘱𝘳𝘰𝘨𝘳𝘦𝘴𝘴 𝘵𝘩𝘢𝘵 𝘡𝘢𝘮𝘣𝘪𝘢 𝘪𝘴 𝘮𝘢𝘬𝘪𝘯𝘨 𝘵𝘰𝘸𝘢𝘳𝘥𝘴 𝘵𝘩𝘦 𝘶𝘭𝘵𝘪𝘮𝘢𝘵𝘦 𝘴𝘶𝘤𝘤𝘦𝘴𝘴 𝘰𝘧 𝘰𝘶𝘳 𝘩𝘰𝘮𝘦- 𝘨𝘳𝘰𝘸𝘯 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘤 𝘵𝘳𝘢𝘯𝘴𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘢𝘨𝘦𝘯𝘥𝘢 - 𝘵𝘢𝘳𝘨𝘦𝘵𝘦𝘥 𝘢𝘵 𝘯𝘰𝘵 𝘰𝘯𝘭𝘺 𝘳𝘦𝘴𝘵𝘰𝘳𝘪𝘯𝘨 𝘮𝘢𝘤𝘳𝘰𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘤, 𝘧𝘪𝘴𝘤𝘢𝘭 𝘢𝘯𝘥 𝘥𝘦𝘣𝘵 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘪𝘭𝘪𝘵𝘺, 𝘣𝘶𝘵 𝘢𝘭𝘴𝘰 𝘦𝘯𝘩𝘢𝘯𝘤𝘪𝘯𝘨 𝘩𝘶𝘮𝘢𝘯 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵 𝘢𝘯𝘥 𝘪𝘮𝘱𝘳𝘰𝘷𝘪𝘯𝘨 𝘵𝘩𝘦 𝘨𝘰𝘰𝘥 𝘨𝘰𝘷𝘦𝘳𝘯𝘢𝘯𝘤𝘦 𝘦𝘯𝘷𝘪𝘳𝘰𝘯𝘮𝘦𝘯𝘵 𝘵𝘰 𝘢𝘵𝘵𝘳𝘢𝘤𝘵 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵𝘴, 𝘤𝘳𝘦𝘢𝘵𝘦 𝘮𝘰𝘳𝘦 𝘫𝘰𝘣𝘴 𝘧𝘰𝘳 𝘤𝘪𝘵𝘪𝘻𝘦𝘯𝘴, 𝘢𝘯𝘥 𝘣𝘶𝘪𝘭𝘥 𝘯𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘸𝘦𝘢𝘭𝘵𝘩.

“𝘞𝘦 𝘢𝘤𝘬𝘯𝘰𝘸𝘭𝘦𝘥𝘨𝘦, 𝘸𝘪𝘵𝘩 𝘥𝘦𝘵𝘦𝘳𝘮𝘪𝘯𝘢𝘵𝘪𝘰𝘯 𝘵𝘰 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦 𝘰𝘯 𝘵𝘩𝘦 𝘱𝘢𝘵𝘩 𝘰𝘧 𝘴𝘶𝘤𝘤𝘦𝘴𝘴, 𝘵𝘩𝘦 𝘤𝘰𝘮𝘮𝘦𝘯𝘥𝘢𝘵𝘪𝘰𝘯 𝘰𝘧 𝘵𝘩𝘦 𝘣𝘰𝘢𝘳𝘥 𝘰𝘯 𝘡𝘢𝘮𝘣𝘪𝘢’𝘴 𝘴𝘢𝘵𝘪𝘴𝘧𝘢𝘤𝘵𝘰𝘳𝘺 𝘱𝘳𝘰𝘨𝘳𝘢𝘮 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘤𝘰𝘮𝘮𝘪𝘵𝘮𝘦𝘯𝘵 𝘵𝘰 𝘴𝘵𝘢𝘣𝘪𝘭𝘪𝘻𝘦 𝘵𝘩𝘦 𝘦𝘤𝘰𝘯𝘰𝘮𝘺 𝘢𝘯𝘥 𝘪𝘮𝘱𝘭𝘦𝘮𝘦𝘯𝘵 𝘳𝘦𝘧𝘰𝘳𝘮𝘴 𝘢𝘮𝘪𝘥𝘴𝘵 𝘢 𝘤𝘩𝘢𝘭𝘭𝘦𝘯𝘨𝘪𝘯𝘨 𝘦𝘯𝘷𝘪𝘳𝘰𝘯𝘮𝘦𝘯𝘵 𝘮𝘢𝘳𝘬𝘦𝘥 𝘣𝘺 𝘵𝘩𝘦 𝘪𝘮𝘱𝘢𝘤𝘵 𝘰𝘧 𝘢 𝘴𝘦𝘷𝘦𝘳𝘦 𝘥𝘳𝘰𝘶𝘨𝘩𝘵. 𝘊𝘳𝘦𝘥𝘪𝘵 𝘨𝘰𝘦𝘴 𝘵𝘰 𝘰𝘶𝘳 𝘧𝘦𝘭𝘭𝘰𝘸 𝘤𝘪𝘵𝘪𝘻𝘦𝘯𝘴 𝘸𝘩𝘰 𝘩𝘢𝘷𝘦 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦𝘥 𝘵𝘰 𝘴𝘩𝘰𝘸 𝘧𝘪𝘳𝘮 𝘣𝘦𝘭𝘪𝘦𝘧 𝘢𝘯𝘥 𝘳𝘦𝘴𝘪𝘭𝘪𝘦𝘯𝘤𝘦 𝘪𝘯 𝘵𝘩𝘦 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘤 𝘳𝘦𝘧𝘰𝘳𝘮 𝘢𝘯𝘥 𝘵𝘳𝘢𝘯𝘴𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘱𝘳𝘰𝘤𝘦𝘴𝘴, 𝘥𝘦𝘴𝘱𝘪𝘵𝘦 𝘴𝘰𝘮𝘦 𝘤𝘩𝘢𝘭𝘭𝘦𝘯𝘨𝘦𝘴. 𝘐𝘵 𝘪𝘴 𝘧𝘰𝘳 𝘵𝘩𝘪𝘴 𝘳𝘦𝘢𝘴𝘰𝘯 𝘵𝘩𝘢𝘵 𝘶𝘯𝘥𝘦𝘳 𝘵𝘩𝘦 𝘰𝘯𝘨𝘰𝘪𝘯𝘨 𝘐𝘔𝘍 𝘴𝘶𝘱𝘱𝘰𝘳𝘵𝘦𝘥 𝘱𝘳𝘰𝘨𝘳𝘢𝘮𝘮𝘦, 𝘢𝘭𝘭 𝘑𝘶𝘯𝘦 2024 𝘲𝘶𝘢𝘯𝘵𝘪𝘵𝘢𝘵𝘪𝘷𝘦 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘤𝘳𝘪𝘵𝘦𝘳𝘪𝘢 𝘢𝘯𝘥 𝘮𝘰𝘴𝘵 𝘪𝘯𝘥𝘪𝘤𝘢𝘵𝘪𝘷𝘦 𝘵𝘢𝘳𝘨𝘦𝘵𝘴 𝘧𝘰𝘳 𝘑𝘶𝘯𝘦 𝘢𝘯𝘥 𝘚𝘦𝘱𝘵𝘦𝘮𝘣𝘦𝘳 2024 𝘸𝘦𝘳𝘦 𝘮𝘦𝘵, 𝘢𝘴 𝘢𝘵𝘵𝘦𝘴𝘵𝘦𝘥 𝘣𝘺 𝘵𝘩𝘦 𝘐𝘔𝘍.

“𝘞𝘦 𝘢𝘳𝘦 𝘦𝘯𝘤𝘰𝘶𝘳𝘢𝘨𝘦𝘥 𝘢𝘯𝘥 𝘸𝘪𝘭𝘭 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦 𝘸𝘪𝘵𝘩 𝘧𝘪𝘴𝘤𝘢𝘭 𝘤𝘰𝘯𝘴𝘰𝘭𝘪𝘥𝘢𝘵𝘪𝘰𝘯, 𝘢𝘯𝘥 𝘸𝘦 𝘴𝘵𝘢𝘯𝘥 𝘳𝘦𝘢𝘥𝘺 𝘵𝘰 𝘵𝘪𝘨𝘩𝘵𝘦𝘯 𝘮𝘰𝘯𝘦𝘵𝘢𝘳𝘺 𝘱𝘰𝘭𝘪𝘤𝘺 𝘧𝘶𝘳𝘵𝘩𝘦𝘳 𝘵𝘰 𝘳𝘦𝘥𝘶𝘤𝘦 𝘪𝘯𝘧𝘭𝘢𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘢𝘤𝘤𝘦𝘭𝘦𝘳𝘢𝘵𝘦 𝘨𝘰𝘷𝘦𝘳𝘯𝘢𝘯𝘤𝘦 𝘢𝘯𝘥 𝘴𝘵𝘳𝘶𝘤𝘵𝘶𝘳𝘢𝘭 𝘳𝘦𝘧𝘰𝘳𝘮𝘴.

The approval by the Board comes at a time when the country needs financing to sustain the progressive interventions tailored by the Government to respond to the 2023/2024 drought which severely impacted hydro- dependent electricity generation, agriculture production, and operational incomes for some small- scale and larger businesses, among other socio- economic ventures. It is anticipated that the IMF Board approval, being an endorsement of good economic governance, will help to strengthen investor confidence and accelerate foreign direct investment inflows un view of the assessment of debt as sustainable.

We are encouraged by the Board decision and will remain focused on the economic reform process as we continue on the path of enhancing public financial management and good governance, undertaking fiscal control to guarantee debt sustainability, and safeguarding social spending. Because of the decision of the Board, Zambia's economic reform strategy will be strengthened by the funds from the IMF, which will also increase economic resilience in light of the challenging global economic environment.

Zambia's ECF arrangement was approved on August 31, 2022, for US$1.3 billion. Following the severe 2023/2024 drought, it was augmented in July, 2024, with an additional 30 percent of quota (SDR293.46 million or US$385.7 million), thereby increasing access to a level of US$1.7 billion - to support implementation of the Eighth National Development Plan. The plan seeks to enhance economic governance, create a stable macroeconomic environment, attain debt and fiscal sustainability on a forward- looking basis, and foster inclusive growth to improve the livelihood of the Zambian people, in all regions, without leaving anyone behind.

Issued by
(Original Signed)
OFFICE OF THE SECRETARY TO THE TREASURY

ADDRESS: P.O. Box 50062, Chimanga Road, Lusaka: TEL: +260-211-53512/253786/252121/250544 TWITTER: @MOFNPZambia, EMAIL: treasurybriefs@mof.gov.zm, WEBSITE: https://t.co/syelNy5ZOw
FACEBOOK: https://t.co/dwKZG6h0AO

#DebtCrisis
#IMF
#FinancialInsight
#Get2Know

989

Hakainde Hichilema @HHichilema

over 1 year ago

The historic 🇿🇲-🇬🇧ties continue to grow. A pleasure hosting UK Minister @AnnelieseDodds Discussed economic growth via #GreenGrowthCompact & signed agreements including energy & climate. Thanked the #UK for drought aid & look forward to deeper cooperation in trade & investment🇿🇲🇬🇧

HHichilema's tweet photo. The historic 🇿🇲-🇬🇧ties continue to grow. A pleasure hosting UK Minister @AnnelieseDodds Discussed economic growth via #GreenGrowthCompact & signed agreements including energy & climate. Thanked the #UK for drought aid & look forward to deeper cooperation in trade & investment🇿🇲🇬🇧 https://t.co/3fesOChbbZ

120

Sam Waldock @samwaldock

over 1 year ago

Today was a special day! Kalengwa Mine in #Mufumbwe closed in 1978. Today, thanks to a $120m investment from UK firm #MoxicoResources it is running again. I was privileged to join President @HHichilema to celebrate another achievement under our 🇬🇧🇿🇲#GreenGrowthCompact

samwaldock's tweet photo. Today was a special day!

Kalengwa Mine in #Mufumbwe closed in 1978.

Today, thanks to a $120m investment from UK firm #MoxicoResources it is running again.

I was privileged to join President @HHichilema to celebrate another achievement under our 🇬🇧🇿🇲#GreenGrowthCompact https://t.co/34KbIzpglP

150

Sam Waldock @samwaldock

over 1 year ago

A decade ago this site was still bush. Now Kalumbila is Zambia's most productive mine, supporting 1000s of jobs & paying more taxes than any other business. UK headquartered @FQM is part of the @UKinZambia 🇿🇲🇬🇧 #GreenGrowthCompact bringing long term, responsible investment.

samwaldock's tweet photo. A decade ago this site was still bush.

Now Kalumbila is Zambia's most productive mine, supporting 1000s of jobs & paying more taxes than any other business.

UK headquartered @FQM is part of the @UKinZambia 🇿🇲🇬🇧 #GreenGrowthCompact bringing long term, responsible investment. https://t.co/KhPGbilQBF

581

Sam Waldock @samwaldock

over 1 year ago

Excited to join the opening of Zambeef's giant new mill in Mpongwe! As we harvest the winter maize, this marks another step in @UKinZambia support for Zambia's agriculture value chain through our 🇿🇲🇬🇧 #GreenGrowthCompact Proud we are investing in 🇿🇲 growth!

samwaldock's tweet photo. Excited to join the opening of Zambeef's giant new mill in Mpongwe!

As we harvest the winter maize, this marks another step in @UKinZambia support for Zambia's agriculture value chain through our 🇿🇲🇬🇧 #GreenGrowthCompact

Proud we are investing in 🇿🇲 growth! https://t.co/OamphEf8JD

UKinZambia @UKinZambia

almost 2 years ago

Great to hear President @HHichilema calling for more investment in 🇿🇲’s mining sector at #ZAMII yesterday. @UKinZambia will continue bringing investment into 🇿🇲 incl. thru our #GreenGrowthCompact. Mimbula mine in Chingola is one example of a UK investment creating jobs & growth

605

Sam Waldock @samwaldock

almost 2 years ago

Thanks to @PhoenixFMZambia for inviting me to speak about how @UKinZambia supports jobs through our 🇿🇲🇬🇧 #GreenGrowthCompact We have delivered K34bn in new investment: ⚡Energy 🌽 Agriculture ⛏️ Mining UK firms have created 1000s of quality jobs & are top taxpayers in 🇿🇲.

samwaldock's tweet photo. Thanks to @PhoenixFMZambia for inviting me to speak about how @UKinZambia supports jobs through our 🇿🇲🇬🇧 #GreenGrowthCompact

We have delivered K34bn in new investment:
⚡Energy
🌽 Agriculture
⛏️ Mining

UK firms have created 1000s of quality jobs & are top taxpayers in 🇿🇲. https://t.co/gqGuuKVNiU

719

UKinZambia @UKinZambia

almost 2 years ago

Chargé d'affaires @BerniSmith5 today attended President @HHichilema’s #ParliamentaryAddress. Good to hear emphasis on macroeconomic stability and debt sustainability. 🇬🇧 looks forward to continuing our partnership with 🇿🇲 incl. through our #GreenGrowthCompact #GoFarGoTogether

UKinZambia's tweet photo. Chargé d'affaires @BerniSmith5 today attended President @HHichilema’s #ParliamentaryAddress.

Good to hear emphasis on macroeconomic stability and debt sustainability.

🇬🇧 looks forward to continuing our partnership with 🇿🇲 incl. through our #GreenGrowthCompact
#GoFarGoTogether https://t.co/XT4P5Xy7Nn

488

Sam Waldock @samwaldock

almost 2 years ago

Great to call on Minister of Lands & Natural Resources Hon. @SylviaTMasebo 👍 Discussed her priorities & how @UKinZambia can support her Ministry's focus on sustainable land management. Exciting times ahead for the 🇬🇧🇿🇲 partnership! 🌍💡#Zambia #GreenGrowthCompact

samwaldock's tweet photo. Great to call on Minister of Lands & Natural Resources Hon. @SylviaTMasebo 👍

Discussed her priorities & how @UKinZambia can support her Ministry's focus on sustainable land management.

Exciting times ahead for the 🇬🇧🇿🇲 partnership! 🌍💡#Zambia #GreenGrowthCompact https://t.co/n4HkCwDxAZ

784

Sam Waldock @samwaldock

almost 2 years ago

@BuyoyaJonah Great to be with you today talking about how @UKinZambia is supporting Zambian jobs through our 🇿🇲🇬🇧#GreenGrowthCompact Looking forward to many more discussions!

Dingindaba Jonah Buyoya

@BuyoyaJonah

almost 2 years ago

Nic may be gone, but the UK is still in Zambia😅 Great meeting High Commissioner @samwaldock today. Great chat too! To many more 🥂

BuyoyaJonah's tweet photo. Nic may be gone, but the UK is still in Zambia😅
Great meeting High Commissioner @samwaldock today. Great chat too! To many more 🥂 https://t.co/q2vckM0ena

239

11K

Sam Waldock @samwaldock

almost 2 years ago

Always a pleasure to see Hope Chisala and Chromez on @HOT877Zambia breakfast show! Got to talk about Newcastle United as well as what @UKinZambia is doing to support jobs & responsible investment through our #GreenGrowthCompact #GoFarGoTogether

samwaldock's tweet photo. Always a pleasure to see Hope Chisala and Chromez on @HOT877Zambia breakfast show!

Got to talk about Newcastle United as well as what @UKinZambia is doing to support jobs & responsible investment through our #GreenGrowthCompact

#GoFarGoTogether https://t.co/MZv22wCmbs

600

Sam Waldock @samwaldock

almost 2 years ago

Thanks to Franklin at @ZNBCtoday for hosting me on The Update to talk about how @UKinZambia is supporting: ✅ 1000s of new jobs ✅ New tax revenue for development ✅ Responsible, long term investment Under the 🇿🇲🇬🇧#GreenGrowthCompact #GoFarGoTogether

samwaldock's tweet photo. Thanks to Franklin at @ZNBCtoday for hosting me on The Update
to talk about how @UKinZambia is supporting:

✅ 1000s of new jobs
✅ New tax revenue for development
✅ Responsible, long term investment

Under the 🇿🇲🇬🇧#GreenGrowthCompact

#GoFarGoTogether https://t.co/5kxJB4TC8n

614

Sam Waldock @samwaldock

almost 2 years ago

Winter maize! At #Zambeef Mpongwe the winter maize is looking great! Through investment from @BritishIntInv the company is helping protect food security through the drought. This is the @UkinZambia 🇬🇧🇿🇲 #GreenGrowthCompact in action: ✅ 8000 Zambian jobs ✅ 50,000 outgrowers

samwaldock's tweet photo. Winter maize!

At #Zambeef Mpongwe the winter maize is looking great!

Through investment from @BritishIntInv the company is helping protect food security through the drought.

This is the @UkinZambia 🇬🇧🇿🇲 #GreenGrowthCompact in action:
✅ 8000 Zambian jobs
✅ 50,000 outgrowers https://t.co/BlDyiRcKYI

Sam Waldock @samwaldock

almost 2 years ago

Zambeef Mpongwe is one of the most modern & productive farms in 🇿🇲 Thanks to @UKinZambia investment through @BritishIntInv the farm produces over 100,000MT of grain a year. This is the 🇿🇲🇬🇧 #GreenGrowthCompact in action: ✅ Jobs ✅ Food security ✅ Economic prosperity

samwaldock's tweet photo. Zambeef Mpongwe is one of the most modern & productive farms in 🇿🇲

Thanks to @UKinZambia investment through @BritishIntInv the farm produces over 100,000MT of grain a year.

This is the 🇿🇲🇬🇧 #GreenGrowthCompact in action:
✅ Jobs
✅ Food security
✅ Economic prosperity https://t.co/YRz9qVSrZp

Sam Waldock @samwaldock

almost 2 years ago · Lusaka

As a diplomat you never quite know what each day will hold... We got to drive in a combine harvester! It was great fun! With investment from @BritishIntInv Zambeef Mpongwe uses technology to increase yields, supporting Zambian food security. 🇿🇲🇬🇧#GreenGrowthCompact

samwaldock's tweet photo. As a diplomat you never quite know what each day will hold...

We got to drive in a combine harvester! It was great fun!

With investment from @BritishIntInv Zambeef Mpongwe uses technology to increase yields, supporting Zambian food security.

🇿🇲🇬🇧#GreenGrowthCompact https://t.co/WVjzz6kXj5

Sam Waldock @samwaldock

almost 2 years ago

Just two years ago this site was waste land. Now thanks to UK firm #Moxico the Mimbula mine employs over 1000 Zambians. After $100m of UK investment, Mimbula is on track to produce 56,000MT of copper next year. This is our 🇿🇲🇬🇧 #GreenGrowthCompact in action. #jobs #investment

samwaldock's tweet photo. Just two years ago this site was waste land.

Now thanks to UK firm #Moxico the Mimbula mine employs over 1000 Zambians.

After $100m of UK investment, Mimbula is on track to produce 56,000MT of copper next year.

This is our 🇿🇲🇬🇧 #GreenGrowthCompact in action.

#jobs #investment https://t.co/W6f6fuOQem

146

UKinZambia @UKinZambia

about 2 years ago

Another one for 🇬🇧🇿🇲 #GreenGrowthCompact! Over the last 2 days @UKinZambia convened so many voices to discuss how to enhance 🇿🇲’s carbon market through collaboration 🇬🇧 stands ready to support 🇿🇲 attract much needed climate finance to tackle #ClimateChange #GoFarGoTogether

UKinZambia's tweet photo. Another one for 🇬🇧🇿🇲 #GreenGrowthCompact!

Over the last 2 days @UKinZambia convened so many voices to discuss how to enhance 🇿🇲’s carbon market through collaboration

🇬🇧 stands ready to support 🇿🇲 attract much needed climate finance to tackle #ClimateChange #GoFarGoTogether https://t.co/TfnMlZCatc

657

UKinZambia @UKinZambia

over 2 years ago

🇬🇧 funded #CCG prog. is hosting its 3rd Annual Zambia🇿🇲 Network workshop in Lusaka this week. Bringing together leading experts from govt, academia & private sector to explore how evidence-based policy can support financing of 🇿🇲’s green growth ambitions #GreenGrowthCompact

UKinZambia's tweet photo. 🇬🇧 funded #CCG prog. is hosting its 3rd Annual Zambia🇿🇲 Network workshop in Lusaka this week.

Bringing together leading experts from govt, academia & private sector to explore how evidence-based policy can support financing of 🇿🇲’s green growth ambitions
#GreenGrowthCompact https://t.co/lWoUTNPdbm

366

Nicholas Woolley @nkwoolley

over 2 years ago · Zambia

#Breaking Zambia launches its 30 year power plan! 👉🏾 Up to 700,000 direct & indirect jobs created by 2050! 👉🏾 Better protection of environment! 👉🏾 Energy access & security for all businesses & consumers, to unlock economic growth! UK proud partner. 🇿🇲🇬🇧 #GreenGrowthCompact

nkwoolley's tweet photo. #Breaking

Zambia launches its 30 year power plan!

👉🏾 Up to 700,000 direct & indirect jobs created by 2050!

👉🏾 Better protection of environment!

👉🏾 Energy access & security for all businesses & consumers, to unlock economic growth!

UK proud partner.

🇿🇲🇬🇧 #GreenGrowthCompact https://t.co/WfCFErsjlJ

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