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The World Bank Group has pledged approximately US$3 billion to Zambia under the new Country Partnership Framework (CPF) for 2025-2029, with nearly half of the funds already disbursed.
Speaking at the CPF launch at the Mulungushi Conference Centre in Lusaka on Wednesday, World Bank Country Manager, Achim Fock, outlined World Bank’s focus areas, which included enhancing jobs, human capital, and climate resilience.
Fock highlighted that $200 million had been approved to strengthen Zambia’s social protection programs, including the Refugee and Host Community Project.
He also expressed optimism for upcoming approvals, including the Climate and Economic Resilience Financing and the Zambia-Tanzania Interconnector.
Finance and National Planning Minister, Situmbeko Musokotwane, also speaking at the event, noted that 2.3 million Zambian households benefit from social protection interventions such as the Cash for Work Programme, emphasizing the government’s commitment to safeguarding lives amid crises like the recent drought.
He further reiterated government’s commitment to protecting lives during times of crises such as the recent drought.
“More than two thirds of the Zambian population was affected by the drought. It was the government’s view that the first priority was to save lives,” Musokotwane said.
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