The United States and Zambia have entered into a groundbreaking agreement aimed at driving sustainable growth in Zambia’s agricultural sector, marking a significant milestone in their 60-year partnership.
In a press statement released on October 19, 2024, U.S. Secretary of State, Antony Blinken, announced the signing of a $491 million project under the Millennium Challenge Corporation (MCC) Compact. The initiative, which consists of a $458 million debt-free grant from the U.S. and an additional $33 million investment by the Zambian government, is set to enhance infrastructure and support policy reforms that will stimulate growth in the country’s agricultural sector.
“This compact will help Zambia’s farmers and rural communities gain access to both regional and global markets, while also complementing the U.S. government’s investments in the Lobito Corridor,” Blinken said.
As Zambia approaches its 60th independence anniversary, the U.S. is reaffirming its commitment to the country’s economic development. The project will focus on reducing poverty, promoting democracy, and contributing to regional security.
“We are proud to support Zambia’s efforts to unlock economic potential and deliver life-changing results for its people,” Blinken added, emphasizing the enduring ties between the two nations.
The U.S. government sees this partnership as a vital step towards fostering a more prosperous and secure future for Zambia, with agriculture at the heart of the nation’s economic growth strategy.
