The World Bank has approved US$665 million finance to fund projects in Zambia in an effort to accelerate economic growth and help reduce the debt burden.
According to a report published by Zambia Daily Mail, Bank of Zambia (BoZ) Governor Denny Kalyalya says the funding will be used for the country’s economic growth.
The support to Zambia’s recovery from multiple debts will help in the economic restructuring process.
The World Bank is providing support to Zambia’s recovery from multiple debts to help institute reforms for inclusive growth and poverty reduction.