World Bank board endorses Zambia’s 5 year partnership framework

By Wilson Mulinda

The World Bank Board of Executive Directors has endorsed a new five-year Country Partnership Framework to support Zambia in achieving sustainable private sector-led economic growth, enhancing climate resilience, and improving the well-being of its people.

World Bank Zambia Country Manager ACHIM FOCK says the new CPF outlines the priorities for the engagement to support Zambia during a critical time of recovery from shock and refocus on inclusive and more resilient growth for job creation.

Mr. FOCK says the new CPF will focus on creating more and better jobs, improving human capital, and enhancing climate resilience, all in alignment with Zambia’s 8th National Development Plan and Vision 2030.

He notes that despite improvements in education, health, and social protection, challenges remain in access to and quality of services.

Mr. FOCK says the CPF will support efforts to improve service delivery to enhance human capital outcomes and reduce persistent poverty, and high inequality, especially in rural areas.

Meanwhile, International Finance Corporation Zambia Country Manager MADALO MINOFU says his institution through the CPF will promote sustainable private sector development by working on advisory programs to improve investment.

And Multilateral Investment Guarantee Agency MIGA Senior Risk Management Officer JESSICA WADE says the agency will support Zambia by providing guarantees to improve agriculture productivity, boost job creation and deepen financial inclusion.

This is according to a statement issued to ZNBC News today by the World Bank.