Zambia

The World Bank has approved a USD 100 mln credit to boost Zambia’s nature-based economy and increase economic opportunities in its emerging tourism sector. In related news, Morgan Stanley predicts that the rally in Zambian debt, following the country’s deal to restructure USD 6.3 bln in bilateral debt, is expected to continue as Zambia approaches an agreement with private creditors and its economic outlook improves. The Zambian Kwacha has gained 12% against the dollar in the past month, making it the second-best performer globally after Sierra Leone leone.