Zambia to Establish Stabilization Fund Using Increased Mining Revenues

Zambia, Africa's second-largest copper producer, plans to utilize higher-than-anticipated mining revenues to initiate a stabilization fund within this year, according to a senior treasury official. Bloomberg posted on X, revealing that the fund aims to mitigate economic fluctuations and enhance fiscal stability. The official highlighted that the increased revenue from copper mining provides an opportunity for Zambia to bolster its economic resilience. The stabilization fund is expected to serve as a financial buffer, helping the country manage potential economic challenges and maintain steady growth source: https://www.binance.com/en/square/post/295360788192561?utm_source=BinanceNewsRSS