President Lungu confers with World Bank delegation
The World Bank says it will continue to support the government of Zambia in its quest to develop the country and alleviate poverty.
World Bank Vice President for the African Region Hafez Ghanem says his institution will continue to support Zambia’s developmental agenda and the efforts to fight poverty.
Mr. Ghanem said the World Bank and Zambia are partners in development, noting that his institution will continue to offer support to Zambia in various sectors of the economy.
He noted that the World Bank has a program to support social sectors in the country amounting to 1.2 billion United States dollars and has informed the President that the institution is organising the International Development Association (IDA) midterm review next month to be held in Zambia.
Mr. Chanda said the report has found that 4 of the 8 officers who were suspended to be innocent and the officers have since resumed work.
The World Bank Vice President for African Region was speaking in Lusaka today when he called on the President at State House.
And President Lungu said it was gratifying to receive the World Bank to discuss pertinent economic matters as a partners in development.
The President said the World Bank delegation has come at a critical time when there are many issues of concern to be discussed.
The Head of State explained that currently there are many matters of concern which the country would like to engage the World Bank in order to correct the impression that has been created by the falsehood being peddled.
He said his Minister of Finance will soon be engaging the World Bank on various matters of concern.
Meanwhile Presidential Spokesperson Amos Chanda told journalists that President Lungu has received a report from the Ministry of Community Development regarding the alleged misappropriation of the Social Cash Transfer funds.
Mr. Chanda said the report has found that 4 of the 8 officers who were suspended to be innocent and the officers have since resumed work.
He said the World Bank is happy with the steps President Lungu is taking to stop the misuse of public and donor funds.
He said the President wants public and donor funds to be used prudently stating that misuse of the funds will not be condoned.
The Social Cash Transfer is funded by both government and donors.
The President later met representatives of the five companies that have come to invest in Luapula Province following the exposition held in 2016.
The President expressed gratitude that the investment exposition has started bearing fruit and pledged his government’s commitment to creating an enabling environment for investment.
Ba Edgar used to dance, and everybody loved him…. but not anymore.
Ba Edgar don’t deserve any insults,
Zambia’s Ceremonial President. All decision making is done by Kaizer Zulu.
Nostra…
“….Ba Edgar used to dance, and everybody loved him…. but not anymore…”
Lungu used to dance spontenouly when he thought of the eurobonds waiting to be spent, they are all gone now….
World Bank is better than PANAMA TAX HAVEN CROOK from UPND. World Bank is one of the best institution compared to HH’ friends who harm the nests.
I think HAZALUZA HAGAIN. He is CHILDISH.
HATRIBES.
Camubaba HAGAIN.
“….The President said the World Bank delegation has come at a critical time when there are many issues of concern to be discussed….”
Is aqusition of a luxury presidential jet one of the issues to be discussed , when 80 % of his citizens remain unemployed and living in poverty ??
UNELECTABLE and UNWANTABLE.
Confession from the horse’s mouth. I quote ”The President said the World Bank delegation has come at a critical time when there are many issues of concern to be discussed.” What happened to if the IMF wants to go, let them go! or will run to China! Please IMF highlight governance issues, transparency and accountability, otherwise after getting the money it will be PF party business as usual such inducing unnecessary elections, world wide shopping sprees and arming cadres etc.
With Thug Presidential advisors like overweight bare knuckle boxer Freedom Sikazwe, we are doomed to failure, no matter what World Bank put in place.
The clueless one again. Zambia’s wasted years. Painful. Very painful as there is no one to control the country going adrift. Extremely painful to watch.
It is clueless that no ones likes it.
useless thieving chlkaIas. vespers is turning in her grave at this imbecile. Killed for nothing sure. Where are the zambian women to demonstrate against killing a helpless woman? you only react when they call you women drunkards. other countries the women would have gone to the streets and boycotted alot of things. That is why am glad i married my european wife. look at the desousa case.. that is typical of most zambian women. they are not after love but your money. they lack loyalty most of them. Whereas my woman has always supported me even when things were not going our way. i love you baby girl
The best thing that should have happened to you was never to have been born…
Are they also praying tomorrow in the fake @ss prayer day
otherwise u could have ended up with Sharon or mushota with Kimberley hole, even a truck can drive thru
World Bank doing opposite of IMF which has given Lungu’s govt a failing grade and fired warning shots about failing economic approach. The current poor economic statistics don’t favour Lungu’s poor approach.
Hey Tayali….oh I mean Sharon.
Did you have that grey suit insured by ZISC?