Economist Kelvin Chisanga has observed that sustaining Zambia’s economic growth in 2026 requires consistency in policy direction, with emphasis on stability and measured reform rather than abrupt shifts.
In a statement, Wednesday, Chisanga remarked that the monetary stance is expected to remain cautiously accommodative, with gradual interest rate easing anchored on inflation control and exchange rate stability.
He noted that the Bank of Zambia is likely to prioritise data-driven decisions to safeguard recent gains in price stability and investor confidence.
The Economist stated that fiscal consolidation will continue to dominate, with government policy focusing on expenditure quality, improved revenue efficiency, and containment of recurrent costs, supported by discipline under the IMF programme.
Chisanga emphasised that this approach reduces domestic borrowing pressures and creates space for private sector credit expansion.
He explained that the post-debt restructuring policy will emphasise prudence, with limited reliance on non-concessional borrowing and stronger project appraisal mechanisms.
He observed that exchange rate policy will remain market-determined, with interventions restricted to smoothing volatility as reserves strengthen.
Chisanga highlighted that reforms in energy, agriculture, mining, and manufacturing will deepen, prioritising cost-reflective pricing models, export competitiveness, and policy consistency.
The Economist concluded that Zambia’s policy direction signals a transition from recovery to consolidation, reinforcing macroeconomic stability, investor confidence, and sustainable growth.