World Bank has invites Zambia to become one of the pilot locations for the human capital project

The World Bank has invited Zambia to become one of the pilot locations for the human capital project, an initiative aimed at scaling-up access to quality education, health, and skills development.

And Finance Minister Margaret Mwanakatwe who is also Zambia’s delegation leader thanked the bank for expressing commitment to supporting the further development of hydro, solar and other sustainable energy sources.

Mrs. Mwanakatwe says Zambia is targeting energy export as an alternative revenue resource for the medium to long term apart from sales and enhancement of other revenue channels.

She said this during an information exchange meeting with World Bank Vice President for the African Region, Hafez Ghanem, at the ongoing Spring Meetings of the IMF and the World Bank in Washington, DC, United States of America.

Mrs. Mwanakatwe noted that the path is expected to help enhance foreign exchange inflows for the country.

She also reiterated the positive macroeconomic forecasts for Zambia including attainment of the set GDP growth and inflation targets of around 4 and 6 percent to 8 percent respectively.

And, Mr. Ghanem encouraged the Zambian government to accelerate the implementation of programmes under the Country Partnership Framework, stating that accelerated resource absorption capacity will be key to the attainment of set goals and targets under the country Partnership Framework.

He has also assured the Zambian delegation on World Banks support for women empowerment, agriculture diversification, the digital economy, water resource management, and sanitation programmes.

Meanwhile, Mrs. Mwanakatwe and National Planning Minister Alexander Chiteme also met the IMF Deputy Managing Director Tao Zhang.

This is according to a statement issued to ZNBC News by ministry of Finance spokesperson Chileshe Kandeta.