ZAMBIA says its restructured debt, coupled with strong international support will undoubtedly have a transformative impact on the country’s socio-economic landscape.
Delivering Zambia’s Second Voluntary National Review (VNR) presentation at the High-Level Political Forum on Sustainable Development at United Nations Headquarters in New York, Ministry of Finance and National Planning Acting Permanent Secretary, Lois Mulube said restructuring Zambia’s debt will enable the country to allocate resources more efficiently.
She said the restructured US$6.3 billion debt had set a solid foundation for a transformative journey towards a brighter future.
And Ms. Mulube said Zambia has over the past year made notable strides towards achieving Sustainable Development Goals.
“The Government has implemented Comprehensive Social Protection Programmes aimed at safeguarding the most vulnerable segments of society,” she said.
She said Zambia made progress in improving access to essential health services, including during the Covid-19 pandemic period.
Ms Mulube said the increased budgetary allocation towards procurement of medicines and improved supply chain management would improve the availability of essential medicines and supplies to more than 66 percent.
She also said that education remained a priority for Zambia, adding that the government had implemented various reforms to enhance the quality and accessibility of education for all.
Ms Mulube said the recorded achievements notwithstanding, Zambia has not been spared from the poly-crisis and faces systematic obstacles in energy, information development, environmental sustainability and job creation.
“Poverty and inequality continued to be among the pressing development challenges. We, however, remain committed to addressing these challenges,” said Ms. Mulube.
Meanwhile, Sightsavers Zambia Country Director Ms Glenda Mulenga, in the VNR Civil Society statement to the UN, called on the Government to enhance stopgap measures required to address hardships for those left behind and to cushion the effects of inadequate health, education and society safety nets.
This is according to a statement issued by First Secretary for Press and Public Relations Permanent Mission of Zambia to the United Nations Namatama Njekwa.
(Mwebantu, Sunday, 16th July, 2023)