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Ambassador Yang Youming meets with the Chairman of the Centre for Trade Policy and Development of Zambia

(From Chinese Embassy in Zambia)

2018/03/02

On 1st March, H.E. Mr. Yang Youming, Chinese Ambassador to Zambia met with Mr. Trevor Simumba, Chairman of the Centre for Trade Policy and Development (CTPD) of Zambia. The two sides exchanged views on Zambia's current debt situation and China's financial assistance to Zambia.

Both sides agreed that Zambia should pay more attention on optimizing debt management, strengthening project evaluation and applying the loans more into the fields that have significant economic and social benefit. These measures will help Zambia to ease the debt burden and ensure the development more sustainable. Ambassador Yang emphasized that all the projects financed by Chinese financial institutions were evaluated through strict processes before implementation and have good economic benefits and visible returns, which are conducive to the promotion of economic and social development of Zambia.

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