Musokotwane tips World bank and IMF on development cooperation
By Wilson Mulinda
Finance and National Planning Minister SITUMBEKO MUSOKOTWANE says the International Monetary Fund and the World Bank Group need to look at Zambia’s strengths as they explore development cooperation and investment prospects.
Dr. MUSOKOTWANE says the strategic intent for Zambia at the meeting is continued efforts to enhance the resilience of the economy and promote investments in the mining, agriculture, tourism and manufacturing sectors while scaling up social sector spending.
He says infrastructure development through Public Private Partnerships will also be promoted aggressively.
Dr MUSOKOTWANE was speaking in Washington DC where he is attending the 2024 Annual Meetings of the International Monetary Fund and the World Bank Group.
He says through structured interactions, Zambia will be able to deepen engagement with development partners, investors and the rest of the global community to access the opportunities with the greatest potential for sustaining citizens on a strong path of economic recovery.
Minister added that 2024 is special because of the unprecedented drought that the country faced, adding that the situation has challenged Zambians to lift each other up, stand together, and as a united people, build a more resilient and prosperous country.
Dr. MUSOKOTWANE has reiterated that whatever interventions are adopted, the Government remains resolved to not only provide economic opportunities for citizens but also to ensure that future generations are not burdened with the yoke of unsustainable debt.
Dr. MUSOKOTWANE is accompanied by Secretary to the Treasury FELIX NKULUKUSA, Bank of Zambia Governor DENNY KALYALYA, and Zambia Revenue Authority Commissioner General DINGANI BANDA among others.
This is according to a statement issued to ZNBC news by the Office of the Treasury.
