Ex-IMF Rep: Zambia's Economy Will Rebound

Former International Monetary Fund (IMF) Resident Representative to Zambia, Kenneth Meyers, said Zambia’s economy will bounce back despite the country’s current debt challenges.

During a courtesy call to Zambia’s Ambassador, Chibamba Kanyama, in Washington D.C., Meyer was optimistic about the nation’s progress with debt restructuring and encouraged the continuation of efforts to stimulate the economy through increasing productivity. Meyers, who served as Zambia’s IMF representative from 1998 to 2001, said the country’s economic outlook is “looking good.”

“The majority of Zambians are under the age of 18” said Meyers. “The future of Zambia is finding what makes [the country] more productive and [not worrying] about external debt because what they’re doing themselves is what creates value."

Meyer’s comments come ahead of a scheduled visit to the country with his wife, Jane Meyers, the President and founder of Lubuto Library Partners. The organisation works to train librarians, teachers, and community members, and encourages youth to utilise their local library.

“As Zambia navigates through its economic challenges, voices like Kenneth Meyers and initiatives like Lubuto Libraries offer hope and a vision for a brighter future” said Ambassador Kanyama, "where education and inclusivity pave the way for progress and prosperity.”