President Hakainde Hichilema has presented a five-year blueprint aimed at doubling the size of Zambia's economy, supported by debt restructuring milestones and record foreign exchange reserves. Delivering his address to the Fourteenth National Assembly under the theme "Grow Zambia: An Agenda for Inclusive Growth and Opportunity for Every Zambian," President Hichilema explained that five consecutive years of positive GDP expansion have set the foundation for broader economic progress. He noted that gross international reserves have increased to their highest levels ever and that a $1.36 billion Eurobond buyback was successfully executed, replacing expensive commercial debt with more affordable financing. The Head of State emphasized that macroeconomic indicators must reflect in the daily welfare of ordinary households and that his administration will focus on ensuring these gains translate into tangible benefits for all citizens.
Related Articles
Don't miss out on breaking stories and in-depth articles.