Thursday, July 25, 2024

Zambia to Benefit from €4.5 Billion Global Fund for Sustainable Development from Italy

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Zambia is set to benefit from a €4.5 billion Global Fund for Sustainable Development from Italy, following the signing of a Memorandum of Understanding (MoU) on Sustainable Development Cooperation between the two countries.

The MoU was signed yesterday in Lusaka by Foreign Affairs and International Cooperation Minister Mulambo Haimbe and Italian Ambassador to Zambia Enrico De Agostini. The agreement will be implemented bilaterally, involving Zambia’s Ministry of Green Economy and Environment and Italy’s Ministry of Environment and Energy.

During the signing ceremony, Minister Haimbe emphasized Zambia’s appreciation for its longstanding bilateral relations with Italy. He highlighted the importance of this agreement in fostering sustainable development and further strengthening the ties between the two nations.

Italy’s Ministry of Foreign Affairs Development Cooperation Director General, Stefano Gatti, also spoke at the event, underscoring the significance of the MoU. He noted that the agreement is crucial for deepening bilateral relations and advancing sustainable development initiatives in Zambia.

The €4.5 billion fund aims to support various sustainable development projects, enhancing environmental protection, and promoting green economy practices in Zambia and other beneficiary countries. This cooperation marks a significant step towards achieving sustainable development goals and fostering international collaboration.

7 COMMENTS

    • Whenever a minister sign a MoU, they take copy and go to Zanaco and use it as a guarantee for a loan.
      So apa Haimbee have assured everyone that he personally is guaranteed a $2 million from millennium fund, because he is the one who signed.

  1. Aid and Donations keep pouring into the country but the living standards and benefits
    To ordinary Zambians cannot be seen.

  2. Great news and this is why the SDGIZING of the 2026 elections is critical to align our priorities and connect manifestos and political campaigns to the achievement of the Sustainable Development Goals

  3. This government is like a parent who goes to his kids and boasts about being a begger. Is being a begger something to be proud of?

  4. In the 70s we were manufacturing vehicles, operating the mines, some of our educational institutions were top notch. What is the difference today?

  5. Are citizens benefiting from all these useless donations, imwe always accepting money from other countries you have no shame,this is too much why cant you create your own wealth tamwakwata insoni kashi. Ifma resources nimbwe at your disposal but no brains on how extract them and sell them. Ala

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