ECONOMIST Bright Chizonde says the increase in the country’s Gross International Reserves (GIR) is an indication that Zambia is more financially stable and that there is more investor confidence. On Friday last week, during the Monetary Policy Rate announcement, Bank of Zambia Governor Dr Denny Kalyalya disclosed that gross international reserves increased to US$4.5 billion, equivalent to 4.6 months of import cover, at the end of March 2025. Commenting on this development, Chizonde said this financial stability would be tested once the government resumes full debt servicing, as the increase in Gross International Reserves was partly due to reduced debt servicing. “The increase in GIR means that Zambia is more financially stable, we have more investor confidence and the Kwacha...