Today, President Joseph R. Biden, Jr. met with President Hakainde Hichilema of Zambia to discuss U.S.-Zambia relations and our shared commitment to economic and democratic progress.
The two leaders discussed the Lobito Trans-African Corridor and a new railway line from the border with Angola to Zambia. They discussed how these infrastructure investments - including through a new $491 million Millennium Challenge Corporation contract with the Government of Zambia, in which the United States will invest $458 million and Zambia will commit $33 million - will help accelerate sustainable and inclusive economic growth for the people of Zambia, reduce the cost of transporting goods to regional and global markets, and create an incredible legacy for generations to come.
They affirmed the need to provide the conditions for attracting private sector investment to Zambia, including the belief that strong and resilient democracies are essential for creating quality jobs and inclusive economic growth. The Presidents reiterated their belief that countries should not be deterred from investing in their development by the need to service unsustainably high debt levels and jointly committed to continue to push for reform
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