Zambia

government

Last mentioned: Mar 17, 2026

Timeline

  1. World Bank Approval

    World Bank approves $45 million for the Second Macroeconomic Stability and Growth operation.

  2. Bondholder Agreement

    Zambia reaches a definitive agreement with Eurobond holders to restructure debt.

  3. IMF Bailout

    IMF approves a $1.3 billion Extended Fund Facility to support recovery.

  4. Sovereign Default

    Zambia becomes the first African nation to default on its debt during the pandemic.

Stories mentioning Zambia 1

economy Neutral

Zambia Secures $45M World Bank Support for Economic Reform Program

The World Bank has approved $45 million in funding to support Zambia's ongoing economic recovery and structural reform agenda. This financial package aims to enhance fiscal transparency, promote private sector growth, and strengthen social safety nets as the nation navigates its post-default recovery.

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