Zambia publishes 2027–2029 MTBP Green Paper, setting macro and debt-service path

On 26 September 2026 Zambia's Ministry of Finance and National Planning issued the 2027–2029 Medium-Term Budget Plan (Green Paper), outlining macro targets, a shift toward investment-led spending and a three-year debt-service profile (2027–2029) that the paper says will require K212.2 billion in servicing.

The Green Paper frames fiscal strategy and a Medium-Term Debt Strategy that prioritises concessional financing and liability-management to reduce refinancing pressure. If the government follows through with credible revenue gains, tighter borrowing plans and liability management, refinancing risk on Zambia's mid- and long-dated sovereign Eurobonds could be reduced; absent credible implementation, the paper alone is unlikely to trigger sustained market re‑pricing.

Consultations on the Green Paper and the 2027 national budget presentation to Parliament.