The Policy Vault Insights and Opinions

June 9, 2021 Add to library

Zambia’s 2020-2030 Economic Recovery Plan in the Face of High Public Debt Level

In 2020, the government launched the economic recovery plan to address the economic recession caused by the adverse impact of the Covid-19 pandemic. The plan aims to bolster and rejuvenate the economy by restoring macroeconomic stability, fostering growth and diversification of the economy, ensuring fiscal and debt sustainability, and reducing poverty and inequality by the year 2023. Thus, the main theme of the Economic Recovery Plan (ERP) is “Restoring Growth and Safeguarding Livelihoods Through Macroeconomic Stability, Economic Diversification and Debt Sustainability.”

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