REPUTATION GROWING POSITIVELY ON THE WORLD STAGE- MUSOKOTWANE

Finance Minister SITUMBEKO MUSOKOTWANE says the decision by the Millennium Challenge Corporation (MCC) to select Zambia for a five year grant programme is a great sign of Zambia’s growing positive reputation on the world stage.

Dr MUSOKOTWANE says the decision also affirms the excellent partnership that exists between the Governments of Zambia, and the United States of America.

In a statement today, Dr MUSOKOTWANE who thanked the MCC for selecting Zambia for the development of a second grant (Compact) said government is aware of the rigorous governance standards required by Millennium Challenge Corporation -MCC.

He said the new dawn administration has demonstrated commitment to democratic governance, investing in people, and pursuing economic freedom.

Dr MUSOKOTWANE said the MCC investments are targeted at addressing constraints to economic growth and therefore the Zambian Government will be expected to facilitate a constraints analysis process to identify factors hindering growt
in the country.

He said the outcome will form the basis for the selection of projects and activities to be included in the second Compact agreement between the Government of Zambia and MCC.

The Millennium Challenge Corporation announced on Thursday that Zambia and Belize had been selected for a second five year grant programme called compact.

The first compact focused on rehabilitating Lusaka’s core water system, expanding water supply and sewage networks, and improving the City’s drainage backbone.

Progress was made with 24.8 km length of drainages completed, 330 km length of water distribution network completed, and 92 km total length of core water pipes replaced.

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