Wednesday, 8 June 2011


His Excellency, President Rupiah Banda of Zambia has today praised the International Monetary Fund’s (IMF) announcement that Zambia has been rated among the top four high-performing African countries.
Under the President’s steer, Zambia has taken major strides to encourage foreign direct investment, with a projected influx of over US$10 billion from exports compared to the UD$900 million it earned ten years ago.
As a result of the improved economic climate in Zambia, there has been considerable investment in the provision of better schools, hospitals and access to basic facilities. During His Excellency’s leadership, over 300 new health centres have been commissioned and 3,600 health workers have been recruited, whilst the academic performance of young people under the guidance provided by more teachers and education facilities has greatly improved. Zambia’s economy is expected to continue to grow at around 7% this year – money which will be put back into the country’s infrastructure to encourage a continued cycle of growth and development.
President Banda said: “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 so achieve an ever better place for Zambia in the world – above all, establishing security, stability and prosperity for all Zambians.”
The 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 the Zambian people.

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