The World Bank has advised government to build on the positive economic gains that the country has recorded in the recent past so as to accelerate poverty reduction.
Out-going World Bank Country Manager Dr. Ohene Nyanin observed that the country has in the past four years registered economic growth which should now be translated to
poverty reduction.
He said the country should continue with its diversification programmes in other
sectors such as Agriculture and Tourism which can be vital in reducing poverty among
the rural people.
Dr. Nyanin told ZANIS in an interview that although the poverty levels have gone
down to 68 percent, the figures are still high.
Dr. Nyanin, who has been in the country for the past four and half years said the
country has managed to attain marco-economic stability which has resulted in a
fall in inflation and interest rates despite the many challenges it faced.
He futher added that the prudent financial management the country embarked on
enabled Zambia to get back on track on the International Monetary Fund (IMF)
Poverty Reduction Growth Facility (PRGF).
” Due to prudent financial management , we saw the country reach the HIPC and
receive debt relief from both bilateral and multilateral cooperating partners,’ he
said.
He however stated that it was cardinal that the country continue to maintain macro-
economic stability and pursue reforms that will accelerate growth to above 7
percent.
Dr. Nyanin, who leaves the country in August, stated that economic growth should
translate to reduction in poverty levels are people.