PRESIDENT HICHILEMA THANKS ZAMBIANS AS ECONOMIC REFORMS DELIVER.

PRESIDENT HICHILEMA THANKS ZAMBIANS AS ECONOMIC REFORMS DELIVER.

President Hakainde Hichilema Has Expressed Gratitude to Zambians for Their Patience, Resilience, And Support as The Government’s Economic Reforms Continue to Yield Positive Results. The President Cited Stability in The Kwacha, A Decline in Inflation, And the Successful Completion of the International Monetary Fund (IMF) Extended Credit Facility Programme as Key Milestones in Zambia’s Economic Recovery.

Speaking During a Press Briefing at State House, President Hichilema Said That for The First Time Since August 2023, Inflation Has Eased into Single Digits, Falling To 9.4 Percent in January from 11.2 Percent the Previous Month. He Noted That This Development Signals Easing Pressure on Household Budgets, Improved Purchasing Power, And Greater Confidence Among Investors.

“Our Economy Is Stabilising, And the Kwacha Is Showing Resilience in Foreign Exchange Markets. These Results Are a Direct Outcome of Prudent Fiscal Management, Structural Reforms, And the Dedicated Efforts of All Zambians,” he Said.

President Hichilema Added That Real GDP Growth Is Projected At 5.8 Percent In 2026, While Public Debt Has Declined From 112 Percent of GDP In 2021 To A Projected 78 Percent This Year. He Emphasised That Lower Debt Levels Are Freeing Resources for Social Programmes, Including the Farmer Input Support Programme, Free Education, Increased Constituency Development Fund Allocations, And the Reintroduction of University Bursaries.

The President Also Highlighted Government Efforts to Improve Infrastructure and Create Jobs, Noting Progress in Reliable Energy Supply, Transport Development, And Support for Small and Medium-Sized Enterprises. He Urged Zambians to Continue Participating in the Economic Transformation Through Savings, Investment, And Responsible Consumption.

“We Recognise That Challenges Remain, Including the Need to Strengthen Local Industry, Promote Export Diversification, And Ensure Accessible Healthcare and Education. However, The Momentum We Have Achieved Shows That Together, Zambians Can Build a Sustainable and Inclusive Economy for Generations to Come,” President Hichilema Added.

He Concluded by Thanking Development Partners, Civil Society Organisations, And the Private Sector for Their Continued Support, Stressing That Economic Stability Is Critical for Improving Living Standards and Creating Opportunities for All Citizens.