Search
  1. Home
  2. Southern Africa
  3. Zambia

World Bank loan

    JOHANNESBURG

    The World Bank has given Zambia a loan of about US $63 million, news reports said on Wednesday. The loan is part of the bank's balance of payments support to Zambia and is intended to assist the government with its economic reforms.

    "The credit was specifically designed to assist the government in the restructuring and reform of its public sector, especially in the reform of pay levels and improving of management controls," Finance Minister, Katele Kalumba was quoted as saying

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

    Share this article

    Our ability to deliver compelling, field-based reporting on humanitarian crises rests on a few key principles: deep expertise, an unwavering commitment to amplifying affected voices, and a belief in the power of independent journalism to drive real change.

    We need your help to sustain and expand our work. Your donation will support our unique approach to journalism, helping fund everything from field-based investigations to the innovative storytelling that ensures marginalised voices are heard.

    Please consider joining our membership programme. Together, we can continue to make a meaningful impact on how the world responds to crises.

    Become a member of The New Humanitarian

    Support our journalism and become more involved in our community. Help us deliver informative, accessible, independent journalism that you can trust and provides accountability to the millions of people affected by crises worldwide.

    Join