Investor Presentaiton

Risks Domestic High: delayed fiscal adjustment/Sharply rising Public debt Medium to High: Policy Inconsistency - the government should speak with one voice on key objectives and policies. Medium Rising political tensions Maintain the relative political stability enjoyed by Zambia over the years to sustain investor confidence in the economy. R • External High: tighter and more volatile global financial conditions - Increased external commercial borrowing costs will squeeze fiscal space for priority S spending. K • Medium: Volatility in global copper prices - Maintain exchange rate flexibility and build resilience against external shocks by strengthening the efforts to diversify the economy.

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