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House okays government to borrow K68 billion

By Faith Kadzanja:

MWANAMVEKHA—The purpose of this loan is to improve standards of education

Members of Parliament Tuesday passed a money bill allowing the Ministry of Finance, Economic Planning and Development to borrow K68 billion from International Development Agency, as part of the Word Bank project to improve delivery of secondary education services in the country.

Delivering a motion to have the bill passed in Parliament Tuesday, Finance Minister Joseph Mwanamvekha said the loan would improve delivery of science subjects in secondary schools.

However, Ntchisi South MP, Ulemu Chilapondwa, questioned the government’s appetite for borrowing.

“I have some reservations on the government borrowing but the bill is important as it talks of improving sciences in our schools. Apart from improving science subjects, our schools are in bad shape. Most community day secondary schools do not have laboratories,” he said.

After lengthy debate, the bill was passed with one amendment.

In an interview, Mwanamvekha said the money would improve the education sector in the country, as part of it would go towards increasing the number of secondary schools.

“Parliament has approved a loan of 64.8 million Special Drawing Rights (SDR) equivalent to K68 billion. The purpose of this loan is to improve standards of education. We want to make sure that, for example, our teachers, those who have been in the system but have never gone for refresher courses, are able to do so,” he said.

Schools from 13 districts, particularly those that lack proper structures such laboratories, will benefit from the project.

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