Zambia Strengthens Regional Economic Growth Commitment at High-Level Event in Rome
Dr. Denny Kalyalya, Governor of the Bank of Zambia, actively participated in panel discussions at a prominent event in Rome, Italy, focused on enhancing Africa’s financial and payments infrastructure.
The event, titled “Partnering for Africa’s Prosperity”, took place on 8th November 2024, and was organized by the Bank of Italy in collaboration with the World Bank Group.
The gathering aimed to address key challenges facing Africa, including climate change, limited energy access, youth unemployment, and inadequate digital infrastructure.
Dr. Kalyalya emphasized the vital role of strategic partnerships in achieving Zambia’s development goals, particularly in human capital development through vocational training.
“The work being done with the World Bank to establish a responsive development finance institution is a step in the right direction,” said Governor Kalyalya. “Improving access to finance, especially for small-scale entrepreneurs, is critical.”
The event also highlighted Zambia’s progress in transforming its economy through significant reforms, boosting private sector productivity, stimulating job creation, and promoting macroeconomic stability.
Dr. Kalyalya outlined the substantial advancements made in restructuring Zambia’s external debt as a foundation for economic growth.
Accompanying Dr. Kalyalya were senior Bank of Zambia officials Dr. Jonathan Chipili, Director of Research, and Mr. Martin Mwiinga, Executive Assistant, alongside Her Excellency Mrs. Patricia Chisanga Kondolo, Zambia’s Ambassador to Italy, and Mr. Nchimunya Chisuta, Counsellor for Economic Affairs.
This is in a statement issued by Pamela Mulenga, First Secretary-Press, Embassy of Zambia in Rome, Italy.
