THE Centre for Trade Policy and Development (CTPD) has assessed Zambia’s economic performance between 2021 and 2025 as a positive macroeconomic turnaround, but cautions that the recovery remains structurally fragile and incomplete. Speaking at a town hall meeting, CTPD Executive Director Isaac Mwaipopo highlighted that while fiscal discipline had been restored, the economy remained vulnerable to binding risks such as climate shocks, energy insecurity and election-cycle fiscal pressures. “CTPD assesses Zambia’s 2021 to 2025 economic performance as a positive macroeconomic turnaround, characterised by restored fiscal discipline, strengthened domestic revenue mobilisation, narrowing fiscal deficits, declining inflation, stabilised exchange rates, improving external balances, and improving debt sustainability metrics. These achievements represent a break from the pre-default trajectory. However, this recovery remains structurally...
