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| President Rupiah Banda |
By Globe Reporter
President Rupiah Banda has launched the country’s Sixth National Development Plan (SNDP), outlining his government’s five-year commitment to building a better future for all Zambians.
Speaking during the launch Lusaka’s Mulungushi International Conference Centre, President Banda said the launch was the country’s renewal and recommitment to its national vision of being a middle-income country by 2030.
“ We have created a framework to achieve sustained economic growth and reduce poverty – measures which will help to improve the standard of living for all Zambians,” President Banda said. “We will continue to focus on investing in infrastructure, road, rail and air transportation, education skills, health and water sanitation. The private sector remains crucial to Zambia’s development and we will continue our work to provide a climate that encourages investment and partnership.”
The World Bank recently named Zambia as a top 10 country that had improved in doing business.
In the National Development Plan, President Banda outlined that the proportion of people living in extreme poverty was expected to decline from 37% in 2006 to 29% in 2015 and rural poverty was expected to decline from 77% in 2006 to 50% in 2015.
He said the projected funding for the plan was K132 trillion which would be met by K103 trillion of domestic resources and K29 trillion from external assistance and prudent borrowing.
The International Monetary Fund predicts that Zambia will be one of the top ten fastest growing economies for the period 2011 to 2015, echoing President Banda's optimism that, by working together, all Zambians can look forward to a future of peace, security and prosperity.
President Rupiah Banda has launched the country’s Sixth National Development Plan (SNDP), outlining his government’s five-year commitment to building a better future for all Zambians.
Speaking during the launch Lusaka’s Mulungushi International Conference Centre, President Banda said the launch was the country’s renewal and recommitment to its national vision of being a middle-income country by 2030.
“ We have created a framework to achieve sustained economic growth and reduce poverty – measures which will help to improve the standard of living for all Zambians,” President Banda said. “We will continue to focus on investing in infrastructure, road, rail and air transportation, education skills, health and water sanitation. The private sector remains crucial to Zambia’s development and we will continue our work to provide a climate that encourages investment and partnership.”
The World Bank recently named Zambia as a top 10 country that had improved in doing business.
In the National Development Plan, President Banda outlined that the proportion of people living in extreme poverty was expected to decline from 37% in 2006 to 29% in 2015 and rural poverty was expected to decline from 77% in 2006 to 50% in 2015.
He said the projected funding for the plan was K132 trillion which would be met by K103 trillion of domestic resources and K29 trillion from external assistance and prudent borrowing.
The International Monetary Fund predicts that Zambia will be one of the top ten fastest growing economies for the period 2011 to 2015, echoing President Banda's optimism that, by working together, all Zambians can look forward to a future of peace, security and prosperity.
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