- Zambia’s economy remains strong with growth expected to increase above 6% in 2015/16 after a decline in GDP growth from 6.7% in 2013 to 5.7% due mainly to waning copper production. Inflation is expected to fall below 7.0% by 2017.
- Governance and democratic processes continue to gather strength, with the recent presidential by-elections reinforcing Zambia’s status as a peaceful and stable country.
- Poverty, at over 60%, remains significant despite strong economic performance along the main transport corridors and reduced poverty in the large urban agglomerations.
Since 1971, the Bank has committed more than US $1 billion to Zambia through mainly support towards public sector infrastructure projects in agriculture, industry, water and sanitation, energy, social sector (education and health), transport and multi-sector (primarily general budget support). The predominant financing modalities are project loans/grants.
Zambia field office
African Development Bank Group
Banc ABC House, 746 Church Road
Cathedral Hill, PO Box 51449
Ridgeway, Lusaka, ZAMBIA
Tel: (260) 211 257868/69/74
Fax: (260) 211 257872
Mr. Damoni KITABIRE