Standard and Poor's has elevated Zambia from selective default to CCC+/C with a stable outlook, signaling recovery for the southern African nation after extended debt restructuring talks and climate-related economic strain. Finance Minister Situmbeko Musokotwane characterized the ratings boost as confirmation that the copper producer has regained standing as an attractive destination for capital deployment.
Government projections anticipate fiscal deficits shrinking by more than half while expansion accelerates past 6 percent. Authorities plan to maintain spending discipline, finalize outstanding restructuring elements, and broaden electricity provision across the country.
Government projections anticipate fiscal deficits shrinking by more than half while expansion accelerates past 6 percent. Authorities plan to maintain spending discipline, finalize outstanding restructuring elements, and broaden electricity provision across the country.
