WASHINGTON, December 18, 2024 – The World Bank Board of Executive Directors has approved the first Climate and Economic Resilience Development Policy Financing (DPF) with a Catastrophe Drawdown Option ...

In Zambia, clinics frequently ran out of basic lifesaving drugs, such as antibiotics and anti-malarial drugs, leaving children and adults at risk of illness or death. The problem usually wasn’t ...

ZAMBIA has achieved significant modernisation in its public procurement system, particularly in its legal and institutional frameworks, says the World Bank. According to the 2019 analysis based on ...

Zambia is not alone in struggling with its debts. Many other African countries have been identified by the IMF and the World Bank as having a high risk of "debt distress" which can lead to default.

Zambia is expected to reach a moderate risk of external debt distress over the medium term. “The Bank of Zambia remains ready to act and maintains data-dependent monetary policy, which is key to ...

Ireland, Finland and Sweden have also suspended aid. More than 50% of Zambia's 17 million people live below the poverty line, the World Bank says. The aid freeze by the UK is believed to affect ...