The Government of Zambia has partnered with the International Fund for Agricultural Development (IFAD) to roll out a US$49.8 million programme aimed at expanding financial access and promoting inclusive economic growth.
The initiative, known as the Financial Inclusion for Resilience and Innovation Project (FIRIP), is expected to benefit approximately 1.8 million people, primarily in rural communities. The programme targets smallholder farmers, women, youths and micro-entrepreneurs who often face barriers in accessing formal financial services.
Minister of Finance Situmbeko Musokotwane said the project underscores Government’s commitment to ensuring that economic growth is broad-based and reaches underserved populations.
He noted that improving access to credit, savings and other financial tools is critical to empowering communities and unlocking productivity, particularly in rural areas.
IFAD Country Director Edith Kirumba said the programme will strengthen resilience and livelihoods by promoting inclusive financial systems while supporting rural enterprises and agricultural value chains.
The project will be financed through a blended model comprising an IFAD loan, Government funding, private-sector contributions, beneficiary participation and support from strategic partners.
Officials indicated that women and young people are expected to form a significant share of the beneficiaries, as part of broader efforts to reduce inequality and drive sustainable rural development.
