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 2011-06-09 09:04 pm Back to NEWS
IMF ranking of Zambia cheers RB
Pres. Banda is happy with IMF announcement

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 Lusaka yesterday.

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.

Mr Jere 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 recruited.

He said the academic performance of young people under the guidance provided by more teachers and education facilities has greatly improved.

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 development.

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 Zambians.

Zambia has been rated number four after Angola, Nigeria and Sudan.



 
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