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Zambia – country policy change
EKN has eased requirements for Zambia, abolishing the need for own hard currency earnings and letters of credit for bank risks. The decision is supported by an IMF agreement, debt settlement, and strong mining sector growth.
The country policy for Zambia is eased by EKN abolishing the requirement for own hard currency earnings for companies and the requirement for letters of credit as means of payment for bank risks (short and long term). The IMF agreement from 2022, the bilateral debt settlement from 2024 and the continued strong growth in the mining sector means improved hard currency availability and reduced risk of domestic debt restructuring, thus justifying the decision.
However, EKN remains closed to Sovereign risks due to the still difficult state financial situation.
Read more about Zambia
Country risk analysis for Zambia
Read the latest country risk analysis for Zambia and more about EKN's risk assessment.