(ZANIS) President HAKAINDE HICHILEMA has called for assistance from the African Development Bank -AfDB- in creating a platform for Zambia to address its debt restructuring process.
President HICHILEMA says the AfDB can help Zambia mobilise resources through networking with the bank’s relations.
Speaking when a team from AfDB called on him at State House, President HICHILEMA said Zambia requires interventions in various areas that fit in the country’s agenda, and the financial sector is one of them.
And President HICHILEMA noted the need for Africa to turn around its economic status, in order for the continent to take its place at global level.
Meanwhile, Finance and National Planning Minister SITUMBEKO MUSOKOTWANE was happy with the pre-discussions with the AfDB towards the debt restructuring process for Zambia.
Dr. MUSOKOTWANE explained that a request was made for the bank to add its voice for the creditors to sign a Memorandum of Understanding on debt restructuring.
And leading the AfDB delegation, Executive Director GERALD BUSSIER assured that the Bank is committed to addressing the issues raised by President HICHILEMA.
Mr. BUSSIER said the requests will be forwarded for possible action so that the country can receive the required support.
