IMF ranking of Zambia cheers RB
|Pres. Banda is happy with
President Banda says he is happy with the International
Monetary Fund (IMF)'s announcement that Zambia has been rated among the top four
high-performing African countries.
President Banda’s special assistant
for press and public relations Dickson Jere said this in a statement issued in
He said under the President’s guidance, Zambia has
taken major strides to encourage foreign direct investment, with a projected
influx of over US$10 billion from exports, compared to the US$900 million it
earned 10 years ago.
“As a result of the improved economic climate
in Zambia, there has been considerable investment in providing better schools,
hospitals and access to basic facilities,” the statement reads.
said since President Banda’s assumption of office 31 months ago, over 300 new
health centres have been commissioned and 3,600 health workers have been
He said the academic performance of young people under the
guidance provided by more teachers and education facilities has greatly
Mr Jere said Zambia’s economy is expected to continue growing
at around seven percent this year, with the expected revenue being put back into
infrastructure development, to encourage a continued cycle of growth and
On the IMF rating, President Banda says: “The IMF’s
announcement underlines my government’s commitment to driving steady growth by
creating jobs and opportunities for all Zambians. But there is still more to do.
We will continue to work tirelessly to build on this accolade and achieve an
even better place for Zambia in the world; above all, establishing security,
stability and prosperity for all Zambians.”
Mr Jere said Government is
also in the process of establishing multi-facility economic zones (MFEZs) and
industrial parks to promote the manufacturing industry and create more jobs for
Zambia has been rated number four after Angola, Nigeria and