Zambia
Economy overview:
Zambia's economy has experienced
strong growth in recent years, with real GDP growth in 2005-2011 more than
6% per year. Privatization of government-owned copper mines in the
1990s relieved the government from covering mammoth losses generated by
the industry and greatly increased copper mining output and
profitability to spur economic growth. Copper output has increased
steadily since 2004, due to higher copper prices and foreign investment.
In 2005, Zambia qualified for debt relief under the Highly Indebted
Poor Country Initiative, consisting of approximately USD 6 billion in
debt relief. source: CIA Factbook