World Bank approves $125mln loan for Zambia

The World Bank Executive Board approved on Saturday a $125 million loan for Zambia, in a step to restore macroeconomic stability, steer the country towards debt sustainability, and foster private-sector-led inclusive growth.

The approval follows the completion of a review of Zambia’s Second Macroeconomic Stability, Growth, and Competitiveness Development Policy Financing under Development Policy Operation 2 (DPO 2) Financing.

In parallel, a comprehensive implementation plan (IP) has been crafted in the wake of the 2022 Institutional Safeguards Review (ISR). This plan delineates actionable steps and policy modifications necessary to reinforce institutional governance.