Zambia Reaffirms Commitment to Investment Growth at 2025 IMF/World Bank Spring Meetings
Zambia’s Minister of Finance and National Planning, Dr. Situmbeko Musokotwane, MP, has reaffirmed the country’s determination to remain a top attractive investment destination as he leads a high-level delegation to the 2025 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group.
Dr. Musokotwane, speaking in Washington DC, hailed the recent upgrade of Zambia’s economic outlook from negative to positive by Moody’s Ratings Agency as a clear reflection of the Government’s consistent efforts in driving economic reform, debt sustainability, and investor confidence.
“This is due to our sustained methodical actions towards economic transformation, debt-restructuring and sustainability, growth, and steadfast improvements in the business environment and the welfare of our fellow citizens,” said Dr. Musokotwane. “We need to maintain our character as a top attractive investment destination.”
The Zambian delegation includes Secretary to the Treasury Felix Nkulukusa, Bank of Zambia Governor Dr. Denny Kalyalya, and Zambia Revenue Authority Commissioner General Dingani Banda. They are engaging in key bilateral and multilateral discussions at the high-profile gathering taking place from April 21 to 26.
Dr. Musokotwane stressed Zambia’s need for significant infrastructure investments, particularly along neglected trade routes. He cited examples such as Serenje–Nakonde, Mpika–Mbala, and Kazungula–Sesheke, highlighting the importance of leveraging Public-Private Partnerships (PPPs) to close infrastructure gaps.
“Despite the heavy and carefree borrowing tendencies of the former Government, many of our critical roads remain undeveloped,” he said. “We are taking a new path with debt sustainability while responding to the needs of transporters and the public.”
During the meetings, Zambia is also represented at the Global Parliamentary Forum by Hon. Sibongile Mwamba, MP for Kasama Central, and Hon. Sibeso Sefulo, MP for Mwandi, who are engaging on matters of public accounts and economic development.
The Spring Meetings offer Zambia an opportunity to engage with IMF Managing Director Kristalina Georgieva, World Bank President Ajay Banga, and other senior officials. The agenda includes investor seminars and bilateral discussions focused on development cooperation, investment promotion, and economic resilience.
Zambia’s Ambassador to the United States, Dr. Chibamba Kanyama, received and welcomed the delegation.
Dr. Musokotwane concluded: “The Spring Meetings are an open door granted to Zambia by the global community to market her investment potential and natural resource endowments. We aim to scale up investment actualisation and create partnerships that fuel inclusive growth.”
