President Hakainde Hichilema Delivers Historic Economic Turnaround as Zambia’s Reserves Hit Records

Five years ago, President Hakainde Hichilema promised to deliver a major economic turnaround for Zambia. At the time, the country’s Gross International Reserves had sharply declined from US$3.1 billion in 2014 to just US$1.2 billion by February 2021. Despite global economic challenges, debt restructuring pressures, and inflation, the Government says strategic economic reforms and fiscal measures have helped reverse the trend. Today, Zambia’s Gross International Reserves have risen to a historic US$6.5 billion — the highest ever recorded in the country’s history. Government says it remains committed to sustaining macroeconomic stability, economic recovery, and improving the lives of the Zambian people. Information and Media Director Spokesperson Mr. Henry Kapata explains more in this video. Tell us where you are watching from. #HakaindeHichilema #Zambia #EconomicRecovery #ZambiaEconomy #HH #EconomicTurnaround #ForeignReserves #ZambianPolitics #DebtRestructuring #HenryKapata #MacroeconomicStability #UPND #AfricaEconomy #ZambiaNews #StreetWisePolitics