International Reserves in Zambia

Zambia International Reserves | Economic News & Forecasts

Zambia - International Reserves

Conditions seemingly continued to improve in Q2: Activity was likely supported by upbeat prices for copper—the lion’s share of the country’s exports—with merchandise exports expanding at a solid rate, albeit partly flattered by a favorable base effect. Meanwhile, in politics, opposition leader Hakainde Hichilema of the United Party for National Development unexpectedly won the 12 August general elections by a landslide, largely owing to a high youth turnout. The newly elected president announced his intention to reach a bailout agreement with the IMF—the first step towards restructuring around USD 12 billion in debt with creditors. This, coupled with the surprise outcome of the vote, pushed the kwacha and Eurobonds to an over five-year and a 17-month high, respectively. Moreover, the IMF’s general SDR allocation became available on 23 August, boosting Zambia’s foreign reserves.

Zambia - International Reserves Data

2015   2016   2017   2018   2019  
International Reserves (USD)3.0  2.4  2.1  1.6  1.4  

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Zambia International Reserves Chart

Zambia International Reserves
Note: International reserves, months of imports.
Source: IMF and FocusEconomics calculations

Zambia Facts

Value Change Date
Bond Yield33.000.0 %Dec 31
Exchange Rate14.090.0 %Jan 01
Stock Market0.30.0 %Jan 06

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