Author: Mukuni Zunduna

Lusaka, 6th April, 2023 –Following the first review mission for the Extended Credit Facility (ECF) Programme, Zambia and the IMF staff have reached a Staff-Level Agreement (SLA) on economic and financial policies that will anchor programme implementation for the next 12 months. The SLA is subject to approval by IMF Management and the Executive Board… Continue reading ZAMBIA, IMF REACH STAFF-LEVEL AGREEMENT ON FIRST REVIEW OF THE EXTENDED CREDIT FACILITY PROGRAMME

I am pleased to inform the Nation that, following overwhelming response from eligible taxpayers, many of whom have continued to submit applications even as at this afternoon, the Government has extended the tax amnesty on tax penalties and interest obligations granted to taxpayers, which was introduced as part of the 2023 budget measures. In the… Continue reading TAX AMNESTY EXTENDED DUE TO OVERWHELMING RESPONSE

Finance and National Planning Minister Dr Situmbeko Musokotwane says in 2023, the Government will continue to build on the gains made in public resource management and economic governance as a way of ensuring that the people of Zambia benefit from the fruits of economic transformation. The Minister says one of Government’s focus areas in 2023… Continue reading JANUARY BUDGET RELEASES TOTALLED K12.4 BILLION

President Hakainde Hichilema, Minister of Finance and National Planning, Dr. Situmbeko Musokotwane, MP, Bank of Zambia Governor Dr. Denny Kalyalya have discussed Zambia’s reforms and potential for economic growth with the IMF Managing Director Kristalina Georgieva and her delegation during their two-day visit to Lusaka. The Government held several discussions with the IMF delegation that… Continue reading ZAMBIA, IMF DISCUSS REFORM, ACKNOWLEDGE PROGRESS

I take this opportunity to thank President Hakainde Hichilema for giving me an opportunity to represent him at the #WorldEconomicForum in Davos, Switzerland, which ran from Monday 16th January 2023 and ended last night. My delegation and I leave Davos for home with a sense of satisfaction due to the quality of engagements we have… Continue reading WORLD ECONOMIC FORUM (16-20 January, 2023)

The Government, through the Ministry of Finance and National Planning, has issued new guidelines to streamline the approval of CDF projects. The specific objective is to quicken the implementation of CDF projects through limited delegation of the powers of the Secretary to the Treasury to the Principal Local Authorities Officers (Town Clerks/Council Secretary’s) for variations,… Continue reading MEASURES TO FURTHER ENHANCE THE IMPLEMENTATION OF THE CDF

Finance and National Planning Minister Dr. Situmbeko Musokotwane, MP, says the execution of the 2023 budget has commenced on a smooth note. Since the start of the year a few days ago, the Treasury has so far released a total amount of K1.8 billion to finance public service delivery. The tabulation of funds released from… Continue reading K1.8 BILLION RELEASED SINCE START OF THE MONTH, OF WHICH K419.3 MILLION IS FOR SCHOOL GRANTS

The International Monetary Fund (IMF) has handed over, Wednesday, 28th December, 2022, the Zambia Diagnostic Report on Governance and Corruption to President HAKAINDE HICHILEMA. The Report was delivered to the President by IMF Resident Representative Ms. PREYA SHARMA, on behalf of the IMF Mission Chief for the assignment, Ms. TINA BURJALIANI. The Governance Diagnostic Report… Continue reading ZAMBIA: IMF DIAGNOSTIC REPORT ON GOVERNANCE & CORRUPTION HANDED OVER TO THE PRESIDENT

Finance and National Planning Minister Dr. Situmbeko Musokotwane, MP has told visiting African Development Bank Executive Director Gerald Bussier that the Zambian economy is on the verge of sustained growth and emancipation due to the enabling policies that the Government has put in place to ensure macro-economic stability, quality investment inflows, job creation for the… Continue reading We are Pushing Hard for Economic Stabilisation, Investments, Job Creation & Prosperity

The World Bank has approved US$275 million concessional financing for Zambia. This follows the Government’s continued engagement with development partners targeted at securing support for fiscal stabilization and accelerated economic growth programmes. The approval was granted through the World Bank’s International Development Association (IDA), at a meeting of the board held on Tuesday, 25th October… Continue reading World Bank approves US$275M financing to support Zambia’s Reform Programme