Zambia’s gross international reserves have risen to a historic high of US$5.2 billion, marking the strongest external buffer ever recorded in the nation’s history.
Gross international reserves refer to the foreign currency and related assets held by the Bank of Zambia to support the kwacha, meet international payment obligations, and safeguard the economy against external shocks.
Finance Minister Dr. Situmbeko Musokotwane announced the development on the floor of the National Assembly, following his Ministerial Statement on Zambia’s recent sovereign credit rating upgrades.
He says the milestone reflects growing international confidence in Zambia’s ongoing economic reforms and strengthens the country’s prospects for sustained growth, stability, and resilience.
By Rachel Mumba
