AfDB offers Zambia $150m
Published On July 19, 2023 » 2705 Views» By Times Reporter » HOME SLIDE SHOW, PHOTOS OF THE WEEK, RIGHT SHOWCASE, SHOWCASE
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•PRESIDENT Hakainde Hichilema talking to African Development Bank Group president Dr Akinwumi Adesina (left) at State House in Lusaka yesterday. Picture by KALUMBA CHIBABILA/ZANIS

By CHUSA SICHONE –
THE African Development Bank (AfDB) has pledged its full support to Zambia in the post debt restructuring programme by renegotiating debt obligations by 96 per cent and providing budget support of up to US$ 150 million. AfDB president Akinwumi Adesina said the bank was willing to do so through the African Legal Support Facility, which helped countries on the continent to renegotiate their debt obligations.

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