Zambia has been listed among the top ten fast growing resource rich economies in the world.
According to the 2011 to 2015 data sourced from the International Monetary Fund IMF, Zambia recorded 7 point 7 annual economic growth.
Zambia’s Deputy Ambassador to Sweden Anthony Mukwita says the development was disclosed during a meeting hosted by the Royal Swedish academy of Engineering sciences.
Mr. Mukwita says it is a plus to have reputable and credible institutions such as IMF to place Zambia on the list of fast growing economies.
He said IMF has attributed the positive growth to better policies and improved political stabilities along with rising income levels among others.
This is according to a statement released to ZNBC News by Mr Mukwita.
The Business Insider also quotes the IMF as saying that Zambia’s economy is estimated to grow by over 9 percent between 2013 and 2017.
The website article published in 2012 actually ranks Zambia as the 13 fastest growing economy in the world between 2012 and 2017.