WORLD BANK PICKS ZAMBIA FOR PILOT PROJECT

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By NATION REPORTER

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.

The move has been welcomed by Minister of Finance Margaret Mwanakatwe and her counterpart Minister of National Development Planning, Alexander Chiteme.

This is contained in a statement issued by Ministry of Finance spokesperson, Chileshe Kandeta.

According to Mr Kandeta, the project is targeted at harnessing human capital in order to help children grow to their full potential and become productive assets, in line with the fourth pillar of Zambia’s Seventh National Development Plan.

This came to light when the Zambian delegation held 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.

Meanwhile, Ms. Mwanakatwe and Mr. Chiteme have met the IMF deputy managing director Tao Zhang.

The high-level information exchange dialogue with Mr. Tao and his team focused on the Zambian economy with special emphasis on the macroeconomic landscape, debt management, fiscal consolidation, and the upcoming GRZ/IMF Article 4 Consultations to be held in Lusaka.

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