Thought it was about time we started a thread that tracks new debt obligations by the government. We shall keep tabs on this through the "aid" tag. Last week ZNBC reported a new $150m loan to Zambia by the IFC :
The International Finance Corporation-IFC, an agent of the World Bank, says Zambia will next year receive 150 million US dollars credit meant for irrigation. Vice President Ars Phunell says the credit is meant to support irrigation projects at three yet to be identified sites in the country. And World Bank Country Manager Kapil Kapoor said the credit facility will be repaid in the next 20 to 30 years.
And Commerce Minister Felix Mutati said government is embarking on several infrastructure projects in rural areas, to give an opportunity to rural dwellers to participate in the economic success of the country. He named one of the projects as Kasaba Bay, which is creating investment and jobs.