The World Bank has invited Zambia to become one of the pilot locations for the human capital project. This initiative is aimed at scaling-up access to quality education, health, and skills development.
The Finance Minister of Zambia, Margaret Mwanakatwe expressed gratitude to the World Bank for expressing commitment to supporting the further development of hydro, solar and other sustainable energy sources.
Zambia is targeting energy export as an alternative revenue resource for the medium to long term apart from sales and enhancement of other revenue channels, according to the 57-year old Finance Minister. She said this during her recent meeting with Hafez Ghanem, Vice President of the World Bank for Africa. at the ongoing Spring Meetings of the IMF and the World Bank in Washington, as reported by Lusaka Times.
According to her, the path is likely to assist in boosting foreign exchange inflows for Zambia. On the other hand, Hafez Ghanem has also encouraged the government of Zambia to accelerate the implementation of programmes under the Country Partnership Framework. He has defined that accelerated resource absorption capacity will be key to the attainment of set goals and targets under the country Partnership Framework.