{"id":55242,"date":"2024-01-03T19:52:33","date_gmt":"2024-01-03T19:52:33","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/pmrc-forecasts-over-4-economic-growth-for-zambia-in-2024"},"modified":"2024-01-03T20:13:06","modified_gmt":"2024-01-03T20:13:06","slug":"pmrc-forecasts-over-4-economic-growth-for-zambia-in-2024","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/pmrc-forecasts-over-4-economic-growth-for-zambia-in-2024","title":{"rendered":"PMRC Forecasts Over 4% Economic Growth for Zambia in 2024"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>In a recent statement, the Policy Monitoring and Research Centre (PMRC) has forecasted a robust economic growth for Zambia, projecting a growth rate exceeding 4 percent in 2024. The positive outlook is attributed to continued policy reforms, higher global copper prices, and increased market confidence resulting from ongoing fiscal consolidation measures.<\/p>\n

Sydney Mwamba, the Executive Director of PMRC, expressed optimism about Zambia\u2019s economic prospects in the coming year. He highlighted the positive impact of higher copper prices on the nation\u2019s economy, a significant factor given Zambia\u2019s reliance on copper as a key export.<\/p>\n

Mwamba emphasized that the economic outlook for 2024 is underpinned by the government\u2019s commitment to implementing policy reforms. Ongoing fiscal consolidation measures have contributed to building market confidence, a crucial element in attracting investments and stabilizing the economy.<\/p>\n

The statement acknowledged the substantial strides made in enhancing human development during 2023, primarily through increased investment in education. Mwamba pointed to the introduction of the Free Education Policy as one of the key milestones achieved in the previous year.<\/p>\n

Furthermore, the PMRC Executive Director highlighted a significant achievement in June 2023 when the government reached a staff-level agreement with the Official Creditor Committee (OCC) on a debt treatment aligned with the International Monetary Fund (IMF) program. This agreement is expected to contribute to improving the business environment and key macroeconomic parameters, facilitating economic stabilization.<\/p>\n

Mwamba commended the government for maintaining positive relations with both bilateral and multilateral partners. Consistent collaboration with these partners, according to PMRC, plays a vital role in supporting Zambia\u2019s economic agenda and attracting foreign investments.<\/p>\n

As the country enters 2024, PMRC remains optimistic that the combination of policy reforms, favorable commodity prices, and concerted efforts towards fiscal consolidation will contribute to a robust and sustainable economic growth trajectory.<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. In a recent statement, the Policy Monitoring and Research Centre (PMRC) has forecasted a robust economic growth for Zambia, projecting a growth rate exceeding 4 percent in 2024. The positive outlook is attributed to continued policy reforms, higher global copper prices, and increased market confidence resulting from ongoing fiscal consolidation measures. Sydney […]<\/p>\n","protected":false},"author":84,"featured_media":55241,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,235,233],"class_list":["post-55242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nPMRC Forecasts Over 4% Economic Growth for Zambia in 2024 - Zambia<\/title>\n<meta name=\"description\" content=\"In a recent statement, the Policy Monitoring and Research Centre (PMRC) has forecasted a robust economic growth for Zamb ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/pmrc-forecasts-over-4-economic-growth-for-zambia-in-2024\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PMRC Forecasts Over 4% Economic Growth for Zambia in 2024\" \/>\n<meta property=\"og:description\" content=\"In a recent statement, the Policy Monitoring and Research Centre (PMRC) has forecasted a robust economic growth for Zamb ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/pmrc-forecasts-over-4-economic-growth-for-zambia-in-2024\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-03T19:52:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-03T20:13:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/01\/sm_1704300020.821265.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"488\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/pmrc-forecasts-over-4-economic-growth-for-zambia-in-2024#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/pmrc-forecasts-over-4-economic-growth-for-zambia-in-2024\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"PMRC Forecasts Over 4% Economic Growth for Zambia in 2024\",\"datePublished\":\"2024-01-03T19:52:33+00:00\",\"dateModified\":\"2024-01-03T20:13:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/pmrc-forecasts-over-4-economic-growth-for-zambia-in-2024\"},\"wordCount\":313,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/pmrc-forecasts-over-4-economic-growth-for-zambia-in-2024#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/01\/sm_1704300020.821265.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/pmrc-forecasts-over-4-economic-growth-for-zambia-in-2024#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/pmrc-forecasts-over-4-economic-growth-for-zambia-in-2024\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/pmrc-forecasts-over-4-economic-growth-for-zambia-in-2024\",\"name\":\"PMRC Forecasts Over 4% Economic Growth for Zambia in 2024 - 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