18 February 2013

Zambia: World Bank Laud Zambia's Economic Growth

The World Bank says it appreciates Zambia's steady economic growth and the country's desire to fully attain middle-income status by 2030.

To this effect, a nine-man delegation of Word Bank executive directors is scheduled to visit Zambia today as part of familiarisation of developmental opportunities and implementation of projects.

Speaking on behalf of other executive directors ahead of their arrival, overall coordinator of the group Ruud Treffers said the delegation would learn first-hand the key priorities that would contribute to the country's development objectives.

"We recognise Zambia's steady economic growth and her desire to fully attain the middle-income status by 2030. We are, therefore, coming to Zambia to learn first-hand from Government and the people of Zambia about the country's key priorities, challenges and opportunities," Mr Treffers said.

While in Zambia, the executive directors will hold developmental talks with Vice-President Guy Scott and Finance Minister Alexander Chikwanda, the private sector and other stakeholders.

This is contained in a joint statement by World Bank communications specialist Jumbe Ngoma and Ministry of Finance public relations officer Chileshe Kandeta.

The team will also visit several World Bank-funded projects including the Kalingalinga Water and Sanitation Project, the Zambeef-Novatek Project, Choma Dairy Association, the Mukuni Park Trust and the one-stop shop in Livingstone.

The delegation would also visit Kaleya Small Holdings in Mazabuka to learn how small-scale farmers are utilising private sector service providers, as well as irrigation development.

Communities in Sekute Resettlement in Namapande, Kazungula, that were displaced by floods along the banks of the Zambezi River would also be visited.

Executive directors are part of the 25-member board of the World Bank Group which oversees the general operations of the global development institution.

They represent the interests of member countries to the bank's board and the bank's management, as well as the interests of the bank to the country or group of countries represented.

The team would be led by Denny Kalyalya representing Zambia, Botswana, Burundi, Eritrea, Ethiopia, Gambia, Kenya, Lesotho, Liberia, Malawi, Mozambique, Namibia, Rwanda, Seychelles, Sierra Leone, Somalia (informally), South Sudan, Sudan, Swaziland, Tanzania, Uganda and Zimbabwe.

Also in the delegations is Piero Cipollone, Mansur Muhtar, Ian Solomon, and Roberto Tan The rest are John Whitehead, Bin Han and Wilhelm Rissmann.

Commenting on the visit of the delegation, Secretary to the Treasury Fredson Yamba said the World Bank has been an all-weather friend.

"We are pleased by the confidence the World Bank executive directors have shown by coming to Zambia so that they see for themselves the immense opportunities at our disposal," he said.

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