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As the world faces critical shortages of key agricultural produce, causing devastating food insecurity in all our regions of Africa and beyond, Zambia is well placed, according to President Hichilema
Zambia is well placed to weather the global food crisis caused by the war in Ukraine, according to its President Hichilema. As the world faces critical shortages of key agricultural produce, causing devastating food insecurity in all our regions of Africa and beyond, Zambia is well placed he noted, during his speech at the European Parliament in Brussels. He also explained how Zambia is trying to get out of the debt trap. www.trendsnafrica.com has been reporting about the Zambian president’s visit to Brussels and different topics that he has talked about at the EU parliament.
The President stressed that Zambia and the European Union were cooperating on agricultural projects for ensuing food security, yet the broad contours of cooperation should be strengthened. The West accuses Russia of blocking vital grain shipments from Ukraine in a bid to force climbdowns on sanctions.
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The European Union pledged an additional US$630 million to help African nations and other vulnerable states cope with the shortfalls and to boost sustainable food production. Zambia has a heavy debt of US$17.3 billion in debt at the time the new president took over the reins of governance. It was the first country to default on debt repayment. In December Zambia got a US$1.4-billion bailout from the International Monetary Fund.
