Africa Development Bank (ADB) Country Manager Mary Manneko Monyau yesterday underscored that the Bank intends to roll out mega projects in four key areas of Zambia. The areas include expansion of the Mpulungu Harbour, development of the Lusuwishi Farming Block, stimulation and scale up of Water Resources Management Projects and institutional support towards fiscal consolidation.
The ADB Country Manager explained this during a courtesy call made on the Minister of National Development Planning Alexander Chiteme. Ms Monyau further reiterated that feasibility studies are already on course for these sectors and once concluded appropriate implementation activities shall be funded in accordance with the findings.
Ms Monyau stated that Zambia is a very important partner as it is the largest investment portfolio for the Bank in Southern Africa.
And speaking during the meeting, Minister of National Development Planning Alexander Chiteme explained that “his Ministry being among the first to be visited by the Country Manager after she submitted her credentials shows how much the Bank values the close collaboration with the Ministry.” The Minister recognised that “ADB efforts currently stand at US$1 billion covering 26 operations in different sectors of the country.”
The Minister welcomed the proposed projects adding that the Mpulungu Harbour and institutional support are key towards the economic stabilisation programme that has already started yielding positive results.
Ms Monyau and Hon. Alexander Chiteme agreed to a stronger open policy partnership that shall help Zambia increase its project implementation and financial absorption capacity.
The leaders are expected to hold a joint Monitoring and project enhancement visit on Cashew Nut Production in Western Province next month.