AGP Executive Report
Last update: 10 hours agoFood Security: Treasury plans to sharply cut funding to the Food Reserve Agency in 2027, saying this season’s maize purchases have left stocks sufficient to support future buying. The move could affect the agency’s role in agricultural markets. Debt Outlook: Moody’s expects Zambia to record sub-Saharan Africa’s biggest government debt decline, citing reforms and improved financing prospects, though high interest costs remain a risk. IMF and Investment: Zambia is pitching for development finance and investment at the IMF-World Bank meetings in Bangkok, days after reaching a staff-level agreement for a proposed $1.47 billion, three-year IMF programme, which still needs board approval. Public Spending: Government released K14.6 billion in September, including K5.4 billion for wages, K5.4 billion for debt service and arrears, and K1.8 billion for transfers and social benefits. Agriculture: Poultry producers forecast a 4% rise in egg output to more than 78 million trays this year, while citing high feed, transport and other operating costs.
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