Zambia targets fresh financing, investment at IMF-World Bank meetings

The ministry said Zambia would use the meetings to pursue opportunities in infrastructure development, energy security, trade, enterprise development and employment creation.

The government’s engagements are aligned with the Grow Zambia Agenda, which prioritises increased production, investment, exports, employment and household incomes.

Musokotwane’s programme includes consultations with IMF Managing Director Kristalina Georgieva and the Fund’s African and Fiscal Affairs departments, as well as participation in the International Monetary and Financial Committee plenary.

Discussions are expected to cover domestic revenue mobilisation, sovereign debt vulnerabilities, borrowing costs and reforms to the international financial architecture, issues that could influence Zambia’s fiscal space and access to development financing.

On the World Bank Group side, the delegation is scheduled to meet President Ajay Banga and regional leadership, while participating in the Development Committee meeting and the International Development Association Forum.

A key priority is to build on the Lobito Corridor initiative involving Zambia, Angola and the Democratic Republic of Congo to improve regional transport and energy connectivity and expand trade.

“The delegation will also explore financing opportunities for the Angola-Zambia electricity transmission interconnector, domestic power transmission, roads and border infrastructure, including the Kazungula Bridge Corridor,” the statement said.

Separate engagements with the United States Treasury, development partners and financial institutions, including Standard Bank, Standard Chartered, Citi and J.P. Morgan, will focus on debt management, Zambia’s economic outlook and investment opportunities.

The delegation includes Secretary to the Treasury Felix Nkulukusa, Bank of Zambia Governor Denny Kalyalya, and senior officials from the energy and mining ministries.

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