POVERTY LEVELS AFFECTING ECONOMIC GROWTH

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POVERTY LEVELS AFFECTING ECONOMIC GROWTH

WB

 

By Mwenya Mofya

 

The World Bank has indicated that the levels of extreme poverty being experienced in the rural parts of Zambia is negatively affecting economic growth.

 

To this effect, the World Bank has granted Zambia the 2019 to 2023 country partnership framework worth nearly 1.2 billion United States Dollars aimed at eradicating poverty through various developmental projects in rural areas.

 

Speaking during the launch of the framework, World Bank Country Director Ina Ruthernburg says there is need to promote transparency and accountability in the governance system if the country is to witness a strong governance system. 

 

And Finance Minister Margret Mwanakatwe has stressed the need to invest in education in order to enhance human capital development in the country.

 

 

 

 

 

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