WORLD BANK THANKS ZAMBIA FOR HOSTING IDA MEETING

The World Bank has thanked the Zambian government for agreeing to host its International Development Association IDA 18th High Level Mid-Term Review Meeting.
World Bank Vice President for Development Finance, Axel Van Trotsenburg says the meeting is of major significance to Africa because of two major events that will take place during the meeting in Livingstone.
Mr. Van Trotsenburg says the most important event will be the launch of the IDA 19th Replenishment Process where forty-five billion United States Dollars will be committed to Africa’s development over a three-year period.
He told ZNBC News in an interview upon arrival at Harry Mwaanga Nkumbula International airport on sunday  that the IDA 18th High Level Mid-Term Review meeting signifies the World Banks confidence in Africa’s development.
Mr. Van Trotsenburg said the watershed meeting will also see the World Bank introduce new innovations and ideas of the International Development Association investment into capital markets and private sector development.
The International Development Association IDA 18th High Level Mid-Term Review Meeting is expected to be officially opened by President Edgar Lungu on Tuesday November 13th in Livingstone.