TERMS OF REFERENCE FOR CONSULTANT ENGAGEMENT ON EVALUATING FISCAL STRATEGIES: THE INTERPLAY BETWEEN DEBT INFLUENCE AND PUBLIC INVESTMENT DECISIONS IN MALAWI, ZAMBIA, ZIMBABWE, AND MOZAMBIQUE
Oxfam
INTRODUCTION Malawi, Zambia, Zimbabwe, and Mozambique are at a critical juncture, grappling with high debt levels while striving to meet developmental goals. As of June 2024, Malawi's public debt stock reached 81.0% of the fiscalized GDP for the year 2024/25. Zambia's debt-to-GDP ratio is projected to be 77.8% in 2024, …