Between 2023 and 2031, Zambia expects to save USD 5.8 bln in debt service thanks to its recent debt deal. Over this decade, the nation will pay official creditors around USD 750 mln. The agreement results in a nearly 40% reduction of Zambia’s debt burden. The country’s debt maturity is now extended to 2043, with principal repayments scheduled to begin in 2026. Also, interest payments have been significantly reduced to concessional rates for the following 14 years and will not exceed 2.5% under a baseline scenario.