Monday, April 15, 2024

Government Stands Strong To Economic Recovery Plan Amidst Drought

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President Hakainde Hichilema has assured the nation that Government stands resolute to continue on the economic recovery agenda despite the drought which most parts of the country are experiencing.

The Head of State said government is already looking into ways in which the drought effects can be reduced.
The President, who was speaking when a team of visiting Executive Directors from the African Development Bank (AfDB) called on him at State House yesterday, said some parts of the country may not harvest any crop from last year’s farming season as a result of the drought.

President Hichilema expressed concern that the drought being experienced in the country is likely to affect the country’s economic recovery agenda as it is likely to affect key sectors of the economy.

President Hichilema, who described the drought as the worst that the country has faced so far, said the dry spell poses a threat to food security in the country.

He added that the drought will greatly affect the water and energy sectors including other sectors that heavily depend on water and energy such as mining.

The Head of State however, called on the African Development Bank to support the government in its economic recovery agenda amidst the drought.

Meanwhile, leader of the delegation of the AfDB Executive Directors Edmond Dejon Wega explained that the team is in the country to appreciate the works that the bank is doing in Zambia and the challenges being faced.

Mr Wega disclosed that the delegation is scheduled to meet with Zambian Cabinet Ministers and other Senior Government Officials in an effort to identify opportunities for collaboration and to deepen the already existing relationship with Zambia.
He commended President Hichilema and his government for the achievements made in the efforts to recover the economy of the country and affirmed the bank’s continued support to the country.

The delegation is expected to be in the country for about 8 days before proceeding to Botswana on a similar mission.

13 COMMENTS

  1. The problem of fixing the economy with cosmetic band aid…..we need drought resistant economy….we should stop the habit of rushing to the World Bank or IMF…when we build our economy with our own natural resources then we will never worry about any drought

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    • The article is about African Development Bank.

      BUT as usual, this uninformed character is bitching about World Bank or IMF.

      Doesn’t read to analyze, but quick to comment just to condemn……too much kani mu ka chasu.

  2. I hope today in his presser he will not spend time talking about how Lungu put him in prison
    How Lungu borrowed recklessly
    How the cadres hacked people.
    Please talk about something which will uplift our lives
    Police behavior vis a vis opposition parties

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  3. ……….

    The drought will definitely impact the economic recovery………

    But that is reality, we expect shocks and toughs ………

    By bitting the economic bullet from day one……enough cushions are inplace to avoid a meltdown of the economy

    But we carry on…….

    .forward 2031……..

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  4. “President Hichilema expressed concern that the drought being experienced in the country is likely to affect the country’s economic recovery agenda as it is likely to affect key sectors of the economy.”
    Is this not the same man who advised the PF not to give the draught as reason for economic performance? His colleagues put in place FRA sheds to store the grain to mitigate against such. When he came to power “ sold everything just shot of privatising our grain storage facilities. Now there is draught we hope he has learnt the hard lesson. Your predecessors put up storage sheds at least your job is easier.

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  5. “…..Your predecessors put up storage sheds at least your job is easier…”

    For a debt of 30 billion, apart from some economically useless roads , you would expect storage sheds at least to putup……

  6. The article is about African Development Bank.

    BUT as usual, some of these uninformed characters above are busy b!tching about World Bank or IMF.

    They dont read and analyze the article, but are quick to comment just to condemn……too much kani yamu nkomboni.

    • @ General Kanene
      Man ! You are so hateful. What is the matter with you. ?

      @ Anonymous is just saying we must stop rushing to the global banks such as African Development Bank or World Bank. What is wrong with his statement? Are you commenting because @Anonymous always posts sensible comments and most people give him thumps up? Unlike you that people don’t agree with.

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