ZAMBIA: $100m funding for the development of sustainable tourism
The World Bank is granting a loan of $100 million to the Zambian government. The funding is intended to support the strategy of diversifying the Zambian economy through the development of sustainable, "resilient and transformational" tourism.
With natural resources accounting for 40% of Zambia’s national wealth, the government of this East African country wants to diversify its economy to better cope with external shocks. As part of this policy, Lusaka has just secured a $100 million loan from the World Bank. The funding will support the development of sustainable, “resilient and transformational” tourism.
Source: Afrik21