HH seeks World Bank support to avoid economic shutdown
Published On September 12, 2024 » 1594 Views» By Times Reporter » HOME SLIDE SHOW, PHOTOS OF THE WEEK, RIGHT SHOWCASE, SHOWCASE
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•PRESIDENT Hakainde Hichilema and World Bank regional vice-president for Eastern and Southern Africa Victoria Kwakwa (right) when she led a delegation to pay a courtesy call on the Head of State at State House in Lusaka yesterday. Picture by STATE HOUSE

PRESIDENT Hakainde Hichilema has urged the World Bank Group to take necessary decisions and steps to help countries like Zambia avoid going into economic shutdown.
President Hichilema said there is a need for the World Bank Group to make a decision on the Catastrophe Deferred Drawdown Option (Cat DDO) to help Zambia avoid an economic shutdown.
The Cat DDO was a contingent credit line that provided immediate liquidity to International Bank for Reconstruction and Development (IBRD) member countries in the aftermath of a natural disaster.
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