(3 minutes read)
Zambian President Hakainde Hichilema called on the World Bank Group to assist Zambia conclude its debt restructuring negotiations with its private creditors. President wants to see a speedy conclusion with creditors so that the benefits can start to show and trickle down to ordinary citizens to appreciate the process.
Zambian President Hakainde Hichilema called on the World Bank Group to assist Zambia conclude its debt restructuring negotiations with its private creditors. President wants to see a speedy conclusion with creditors so that the benefits can start to show and trickle down to ordinary citizens to appreciate the process.
The President indicated appreciation to the World Bank Group for the support given to Zambia, especially during what he referred to as Zambia’s debt restructuring project. The Head of State noted that the country received great support through consultations and technical assistance until the achievement of the G20 framework.
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The President looked forward to discussing more important matters with the World Bank, especially issues around the government’s agenda of economic transformation. He further urged the citizens to believe in the government, that it has the capability and ability to get things done, but through a strategic process. Meanwhile, World Bank Country Director for Malawi, Tanzania, Zambia, and Zimbabwe Nathan Belete disclosed that World Bank Country Manager for Zambia Fock Dr Achim Fock comes with vast experience of 25 years in the World Bank.
Highlighting some of the key areas, Mr Belete revealed that the World Bank has prioritised tourism, regional connectivity and capital.
