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The Finance and National Planning Minister of Zambia, Dr. Situmbeko Musokotwane, is leading a high-level delegation to the 2023 Annual Meetings of the African Development Bank (AfDB) Group, taking place in Sharm El Sheikh, Egypt, from May 22nd to May 26th, 2023.
The Finance and National Planning Minister of Zambia, Dr. Situmbeko Musokotwane, is leading a high-level delegation to the 2023 Annual Meetings of the African Development Bank (AfDB) Group, taking place in Sharm El Sheikh, Egypt, from May 22nd to May 26th, 2023.
The delegation aims to strengthen development cooperation with the AfDB, Egypt, and other partners while leveraging the platform to highlight Zambia’s development priorities.
Accompanying Minister Musokotwane are Mr. Danies Chisenda, Permanent Secretary for Economic Management and Finance at the Ministry of Finance and National Planning, and Zambia’s Ambassador to Egypt, Major General Toppky Lubaya (Rtd). The team was welcomed on arrival in Cairo by Ambassador Lubaya, who emphasized the significance of Zambia’s participation in the meetings for enhancing development cooperation.
The 58th Annual Assembly of the African Development Bank and the 49th meeting of the African Development Fund are being held under the approved theme, “Mobilizing Private Sector Financing for Climate and Green Growth in Africa.” The meetings provide a valuable opportunity for knowledge sharing among high-level decision-makers, development agencies, academics, NGOs, civil society representatives, and the private sector.
During the course of the Annual Meetings, Dr. Musokotwane and his delegation will engage in various events organized by the AfDB, hold bilateral talks with development partners, and interact with investors. These engagements include discussions on the global financial architecture, reform ideas for the Special Drawing Rights System, and the mobilization of blended finance for the green energy transition in emerging economies.
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In addition, the delegation will engage with the AfDB Governor for China to discuss debt restructuring and mutual development interests. They will also participate in dialogues on energy access, climate adaptation, food security, and attend the high-level launch of the African Economic Outlook 2023. Zambia will share its policy measures for transforming natural capital into wealth, harnessing natural resources for green growth, and combating climate change.
