World Bank Support to Zambia Surpasses $3 Billion

The World Bank has confirmed that its financial support to Zambia has surpassed three billion United States dollars, with further assistance expected to grow in the coming years.

World Bank Vice President for Agriculture, Environment, Water and Social Development, Guangzhe Chen, revealed the milestone when his delegation paid a courtesy call on Finance and National Planning Minister Situmbeko Musokotwane in Lusaka.

Mr Chen said the Bank is privileged to have partnered with Zambia over the years, noting that its programme in the country has expanded significantly. The growing portfolio reflects confidence in Zambia's reform trajectory and its commitment to sound economic governance.

Dr Musokotwane expressed gratitude for the continued support, stating that the partnership has played a meaningful role in advancing Zambia's development agenda. He said Government remains focused on achieving a consistent economic growth trajectory through strategic investments and reforms aimed at diversifying the economy and improving livelihoods.

The World Bank delegation is in the country to undertake several engagements, including the launch of the Knowledge Impact Programme — a new initiative focused on agriculture that will provide direct support to Zambian farmers.

The programme is expected to strengthen agricultural productivity and resilience, particularly among smallholder farmers who form the backbone of Zambia's rural economy.

The visit underscores the deepening relationship between Zambia and the World Bank as the country continues to pursue its economic transformation agenda.