The Zambian government expects its economy to grow at 4% per year in the medium term and is focused on resolving the country’s debt crisis, President Hakainde Hichilema said on Friday.
The economy has been ravaged by mismanagement and COVID-19.
In late August, the International Monetary Fund approved a $1.3 billion, three-year loan to Zambia, a crucial step in the southern African country’s quest to restructure its debts.