POST Online Media Lite Edition



 

Zambia denies aid cut due to corruption allegation

Staff Writer |
Zambia on Monday denied reports that Finland had reduced financial aid to the southern African nation due to corruption allegations, the foreign affairs ministry said.

Article continues below




Since Zambia has developed into a lower middle income country, several partners, including Finland, have been gradually reducing their aid and increasing cooperation on trade and investment, which will contribute to the country's growth, the ministry said in a press release.

Zambia, it said, values the development cooperation with Finland, which focuses on the promotion of democracy and growth of the private sector.


What to read next

UK cuts fundings to Zambia over corruption
World Bank urges Zambia to contain budget deficit
Zambia launches $1 billion One Belt Chinese investment platform