Tag: world bank

World Bank gives Zambia US$270m

By Paul Shalala The World Bank has given Zambia 270 million dollars to rehabilitate the Serenje-Mpika road and develop a One Stop Border Post in Nakonde District. The six-year Transport Corridors for Economic Resilience -TRACER project is a commitment to improve regional trade and transportation between Zambia and its neighbours. World Bank Country Manager for

World Bank to increase funding to Agric sector

By Mark Ziligone The World Bank says it will increase funding for the country’s agricultural sector under the Zambia Agribusiness and Trade Project -ZATP- 2 project. World Bank Country Manager ACHIM FOCK has disclosed that the funding will be increased from US$40-million to 170-million dollars. Mr. FOCK says the facility will come with a line

MUSOKOTWANE praises outgoing World Bank President

By Mwila Nsofu Finance and National Planning Minister SITUMBEKO MUSOKOTWANE has appealed to outgoing World Bank Group President DAVID MALPASS to continue his push for the resolution of Zambia’s debt crisis. Dr. MUSOKOTWANE has expressed optimism that the World Bank will continue stepping-in with resources for promoting private sector investments so that the country’s development

WORLD BANK RECLASSIFIES ZAMBIA

The World Bank has re-classified Zambia to low income status from lower middle income, for the 2023 financial year. This is because of the deterioration of Gross National Income  per capita estimates recorded in 2021. But Finance and National Planning Minister SITUMBEKO MUSOKOTWANE  says the Government is working to reverse the situation. Dr. MUSOKOTWANE says
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