DOOMSAYERS have been put to shame following the World Bank’s decision to invite Zambia to become one of the pilot locations for its human capital project, says Economics Association of Zambia (EAZ) president Lubinda Habaazoka.
Dr Habaazoka said world-renowned corporations were recognising Zambia’s efforts in driving the economy.
He said it was unfortunate that citizens who did not mean well have continued to talk about the economy negatively, a situation which could downgrade Zambia’s economic prospects.
Dr Habaazoka was commenting on the announcement by the bank that Zambia would be one one of the locations for the human capital initiative which is aimed at scaling-up access to quality education, health, and skills development.
“As the Economics Association of Zambia we feel vindicated with this announcement and would like to reiterate our call on citizens to portray a positive picture about our country,” he said.
The move has been welcomed by both Minister of Finance Margaret Mwanakatwe and her counterpart Minister of National Development Planning, Alexander Chiteme who are attending the Internationally Monetary Fund (IMF)/World Bank Spring Meetings in Washington.
The project is targeted at harnessing human capital in order to help children grow to their full potential and become productive assets, in line with the fourth pillar of Zambia’s Seventh National Development Plan.
This came to light when the Zambian delegation held an information exchange meeting with World Bank Vice President for the African Region, Hafez Ghanem, at the ongoing Spring Meetings of the IMF and the World Bank in Washington, DC, United States.