PitchSend

Investor Presentaiton

. 4. Main takeaways from the Article IV - Zambia The near-term outlook for the Zambian economy has improved in recent months, driven by good rains and rising world copper price. Tight monetary policy succeeded in stabilizing the exchange rate and slowing down y-o-y inflation to 6.6 percent in September 2017, 6 5 Sectoral contributions to GDP growth, 2011-17 (Percent) 8 7 4 3 2 1 0 -1 2011 2012 2013 2014 2015 2016 2017 (proj) Other services Non-mining industry Agriculture Wholesale and retail Mining -GDP growth о Jan-11 Inflation (Year-on-year percentage change) 30 25 Overall Food 20 15 10 Non-Food A LO Jun-11 Nov-11 Apr-12 Sep-12 Feb-13 Jul-13 Dec-13 May-14 Oct-14 Mar-15 Aug-15 Jan-16 Jun-16 Nov-16 Apr-17

View entire presentation