Economist applauds World Bank $45 million Zambia…

Social Economist, Kelvin Chisanga has applauded the approval of 45 million Dollar by the World Bank under the Second Zambia Climate and Economic Resilience Programmatic Development Policy Financing (DPF). Mr Chisanga said the move is a strong endorsement of Zambia’s reform agenda, aimed at consolidating the framework. In a statement made available to the media, he added that the support will strengthen fiscal transparency, particularly in copper revenue management and introduce a credit risk assessment framework for loans and guarantees, safeguarding debt sustainability.

“While modest in size, the real value lies in reforms that enhance fiscal discipline, resilience to climate shocks and investment confidence”, he said. He added that effective implementation will stimulate growth, create jobs and signal Zambia’s commitment to responsible governance and sustainable development. The vultures are circling. Around who handles these funds.