Economy

World Bank Approves $100m Credit for Zambia

The World Bank’s Board of Executive Directors has approved an International Development Association (IDA) credit of $100 million for Zambia to improve natural resource management in selected districts.

The Transforming Landscapes for Resilience and Development (TRALARD) project will support sustainable use of natural resources for livelihoods and help the government of Zambia respond adequately and timely to a crisis or emergency.

Sixteen (16) districts in three provinces have been targeted under this project.

These are: Chifunabuli, Kawambwa, Lunga, Nchelenge, and Samfya (Luapula Province); Chama, Lavushimanda, Mpika, Mafinga, Isoka, and Kanchibiya (Muchinga Province); and Chilubi, Mbala, Mungwi, Mpulungu, and Nsama (Northern Province).

“The TRALARD project is very important for Zambia because its activities were designed with a view to reversing forest and land degradation and improve infrastructure to enhance the resilience of communities to climatic shocks,” said World Bank Country Manager for Zambia Ina Ruthenberg.

About 562,800 people are estimated to benefit from TRALARD, and at least 50 per cent of beneficiaries will be female-headed households.

The main project beneficiaries reside in rural areas, the poorest and most vulnerable to climate change impacts, the bank has noted.

“The current impact of natural resource degradation on Zambia’s economy and livelihoods of its people is costing about 0.4 percent in annual economic growth and is projected to increase. We hope that the project play an integral part in Zambia’s effort to respond to climate change and to improve management of natural resources through donor supported efforts,” said Iretomiwa Olatunji, World Bank Task Team Leader for the project.

TRALARD project is aligned with the World Bank’s twin goals of eliminating extreme poverty and boosting shared prosperity, and it is aligned with the government’s Seventh National Development Plan as well as the Zambia Country Partnership Framework (CPF 2019-2023).

 

16 Comments

  1. Christopher CJ Mutambo

    We are really grateful.

    Reply
  2. andy

    lets hope the money wont b stolen

    Reply
  3. Kevin simwala

    We really grateful,may God touch you.

    Reply
  4. Jimmy Kaidah

    100 million kkkkkkk nashimbi baiba

    Reply
  5. brian flex

    they’ve already stolen

    Reply
  6. ManMulo

    Why Selecting Only Districts From These Mentioned Provinces

    Reply
  7. Gangsta grabs

    Whdat natural resources? You mean kachasu everytime Lungu visits a selected area? Bullshit

    Reply
  8. Lusaka

    Long fingers getting longer again

    Reply
  9. Lusaka N

    Long fingers getting longer again

    Reply
  10. the one

    twataizya sana ba WB

    Reply
  11. Lacoste

    why not southern province, a long time bread basket of the country and one under drought. immediate transformation is likely to be achieved due to social structures already in place than the mentioned districts where 50% of that will go into administrative costs

    Reply
  12. Kaws-Kabs

    Good intentions but misplaced implementation areas. This is a loan to the people of the Republic of Zambia and must benefit all areas and not only poorly selected districts. What of Western , Southern and Northwestern Provinces?

    Reply
  13. Bigerr s

    why don’t you add chienge because this is the poorest district and is a place were votes of u comes from mostly don’t be selfish bane

    Reply
  14. Jacob jere

    Hope it will be used accordingly

    Reply
  15. Kawalala

    Money money money money PF bakuba nafuti nafuti

    Reply
  16. moomba

    U stack hode, lets use money accordingly.

    Reply

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