By 
President Hakainde Hichilema says the debt restructuring programme is the beginning of real work towards Zambia’s economic transformation agenda through increased investment in priority areas.
The agreement reached at a summit in Paris, France which Hichilema attended called for Zambia’s debt to be rescheduled over more than 20 years with a three-year grace period during which only payments on interest are due.
Hichilema said this on Tuesday at State House, when he hosted World Bank Country Director for Malawi, Tanzania, Zambia and Zimbabwe, Nathan Belete.
The Head of State said the investments will go in areas of human capital, agriculture, infrastructure, energy, private sector development, climate, and gender, among others.
“We called for more support in broadening our industrial base through robust value addition especially for our Small Scale Entrepreneurs. This is how we can create more jobs for our largely young population,” Hichilema said.
He thanked the World Bank Group for the immense role they played in the successful debt restructuring agreement last week in Paris, France.
“It is government’s goal to keep improving the country’s technological and digital platforms to increase efficiency in many sectors including revenue collection and public information and services,” Hichilema said.
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