Finance and National Planning Minister Dr Situmbeko Musokotwane has expressed strong satisfaction with Zambia’s current economic performance, while acknowledging that the debt restructuring process has been challenging. Speaking at a press briefing on Friday, Dr Musokotwane shared an optimistic outlook for the country’s growth prospects in 2026.
“As the Ministry of Finance and National Planning, we are very satisfied with the way things are performing in the economy, very, very satisfied indeed,” Dr Musokotwane stated. He emphasized that despite facing a tough 2025 due to a severe drought, electricity shortages, and food supply disruptions, Zambia managed to achieve positive economic growth.
The Minister explained that the drought significantly impacted agricultural production, one of the key pillars of Zambia’s economy, and that electricity deficits further constrained industrial and commercial activities. However, resilience in other sectors helped to offset some of these setbacks.
Dr Musokotwane also highlighted the complexity of the ongoing debt restructuring process, which has been described as tough but necessary. “The government, alongside the International Monetary Fund (IMF) and the World Bank, remains hopeful that the outcome of the debt restructuring will position the country for stronger and more sustainable growth in the coming years,” he said.
The Finance Minister expressed optimism that Zambia’s economy will rebound strongly in 2026, projecting higher growth rates fueled by recovery in agriculture, improved electricity supply, and enhanced fiscal discipline.
He urged all stakeholders to continue supporting the government’s economic reforms and policies designed to stabilize the economy, attract investment, and create jobs. “We remain committed to maintaining macroeconomic stability while promoting inclusive growth that benefits all Zambians,” Dr Musokotwane added.
This positive assessment comes at a crucial time for Zambia as it navigates external shocks and internal challenges while striving to meet its development goals. The government’s ability to manage public debt, strengthen key sectors, and improve infrastructure will be pivotal in realizing the projected economic expansion.
As Zambia looks ahead, the Finance Ministry’s confidence signals a cautiously hopeful future anchored on resilience and strategic reforms.