President Banda says rural poverty will reduce by 50 per cent

President Rupiah Banda has launched the so called  Sixth National Development Plan (SNDP). In the SNDP, preisdent Banda outlined what he describes as the Government’s five year commitment to building a better future for all Zambians.

Speaking at the Mulungushi International Conference Centre in Lusaka, President Banda said: “Today marks a time of renewal and recommitment to our national vision of being a middle-income country by 2030. We have created a framework to achieve sustained economic growth and reduce poverty – measures which will help to improve the standard of living for all Zambians.”

“We will continue to focus on investing in infrastructure, road, rail and air transportation, education skills, health and water sanitation. The private sector remains crucial to Zambia’s development and we will continue our work to provide a climate that encourages investment and partnership.”

President Banda claimed that under this project, the proportion of people living in extreme poverty will reduce to 29 per cent by 2015. In 2006, this figure stood at  37 perecent.

He also claimed that Rural poverty is expected to decline from 77% in 2006 to 50% in 2015.

President Banda told those who went to listen to him that  the projected funding for the plan is K132 trillion which will be met by K103 trillion of domestic resources and K29 trillion from external assistance and prudent borrowing

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