To help restore growth and macroeconomic stability, the World Bank sees Zambia as requiring a deep debt reduction of 45 percent in net present value terms.
Meanwhile, the lender’s International Development Association plans to disburse US$750m to Zambia this year, which would make it the highest ever financing support for the country in a single calendar year. The package includes health and social protection operations and a US$275m budget support, which will be presented to the World Bank Board of Executive Directors for approval in October.
