The World Bank will give Zambia US$150 million to support the development of the agriculture sector, said Ministry of Finance Permanent Secretary, Mukuli Chikuba.
Chikuba said the money forms part of budget support for the next three years to solve urgent problems in the sector.
Zambian Finance Minister Felix Mutati unveiled a K71.6 billion 2018 budget which aims to majorly benefit agriculture.
In his budget, Mutati said there are a number of agriculture initiatives which will be supported. He also cited spending to strengthen extension services as significant to turn around the sector’s low productivity.
Meanwhile, the annual International Monetary Fund (IMF) and World Bank meetings take place this week in Washington D.C. Mutati is expected to attend.
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