Zambia News

MUSOKOTWANE commends departing World Bank chief

SITUMBEKO MUSOKOTWANE, the minister of finance and national planning, has urged outgoing World Bank Group President DAVID MALPASS to continue his efforts to find a solution to Zambia’s debt crisis.

Dr. MUSOKOTWANE is certain that the World Bank will continue providing funding to support private sector investments, accelerating the nation’s development programs.

Dr. MUSOKOTWANE referred to Mr. MALPASS as a “warrior for low-income countries” after a lengthy 45-minute information exchange with the World Bank president at the Bank’s headquarters in Washington, DC.

And Mr. MALPASS seized the chance to commend Zambia for the reforms that had been implemented “under very difficult circumstances.”


When the Official Creditor Committee meets again the following week, he reaffirmed his request for all of the nation’s creditors to work together to break the debt treatment impasse.

According to a statement the Ministry of Finance and National Planning issued to ZNBC News, this is the case.

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