Strategic Plan 2024-2027
Our roadmap for achieving excellence in central banking and serving the people of Zambia.
Strategic Overview
The Bank of Zambia Strategic Plan 2024-2027 outlines our vision for the next four years. Building on our achievements and lessons learned, this plan sets ambitious yet achievable goals to strengthen our role as a modern, effective central bank.
Our strategic priorities are designed to address the evolving challenges in the financial sector while leveraging opportunities presented by technological advancement and regional integration.
Strategic Pillars
Our strategic plan is built on six interconnected pillars that guide our work and resource allocation.
Enhance Monetary Policy Framework
Strengthen inflation targeting and improve policy transmission mechanisms to achieve price stability more effectively.
Key Initiatives:
- Enhance forecasting and analytical capabilities
- Improve communication of monetary policy decisions
- Strengthen policy transmission monitoring
Modernize Financial Regulation
Update regulatory frameworks to address emerging technologies and evolving financial sector risks.
Key Initiatives:
- Implement Basel III standards
- Develop fintech regulatory framework
- Enhance cybersecurity requirements
Digital Payment Innovation
Promote digital financial services and leverage technology to enhance payment system efficiency.
Key Initiatives:
- Expand real-time payment systems
- Explore Central Bank Digital Currency
- Promote interoperability of payment platforms
Financial Inclusion
Expand access to financial services for underserved populations across Zambia.
Key Initiatives:
- Support agent banking expansion
- Promote mobile money services
- Enhance financial literacy programs
Institutional Capacity Building
Strengthen internal capabilities and modernize operations to deliver on our mandate.
Key Initiatives:
- Invest in staff development
- Modernize IT infrastructure
- Enhance research capabilities
Sustainable Finance
Integrate climate and environmental considerations into our policy and regulatory frameworks.
Key Initiatives:
- Develop green finance guidelines
- Climate risk assessment framework
- Support sustainable investment
Key Milestones
Our strategic plan includes specific milestones to track progress and ensure accountability.
Launch enhanced monetary policy communication strategy
Implement updated bank supervision framework
Complete national payment switch modernization
Launch CBDC pilot program
Achieve 80% adult financial inclusion rate
Full implementation of Basel III standards
Download the Full Strategic Plan
Access the complete Bank of Zambia Strategic Plan 2024-2027 document for detailed information on our goals, initiatives, and implementation framework.