Minister of Finance Alexander Chikwanda is tomorrow expected to arrive in Washington DC in the United States of America leading a Zambian delegation to the 2013 IMF and World Bank Spring meetings.
Others on Mr. Chikwanda’s delegation will be Secretary to the Treasury Fredson Yamba, Permanent Secretary in the Ministry of Finance Felix Nkulukusa, Bank of Zambia Governor Michael Gondwe and other Ministry of Finance and Bank of Zambia officials.
The Zambian delegates will be engaging with senior officials of the International Monetary Fund (IMF) and World Bank during the meeting in Washington DC.
This is according to a statement released to ZANIS in Lusaka today by the First Secretary for Press at the Zambian Embassy in Washington Patricia Littiya.
Ms. Littiya said Mr. Chikwanda will, during the spring meetings, attend several high level ministerial and bilateral meetings with key stakeholders.
Last March, the World Bank Board of Executive Directors approved an International Development Association (IDA) credit of US$89.4 million to support efforts of boosting food and farm productivity in Zambia, Malawi and Mozambique.Out of this amount, Zambia will receive US$29.8 million (KR 150 million).
An IMF mission that visited Zambia in November 2012 to review the country’s economic development and prospects had given the country a pass mark with a declaration that the economy looked impressive despite the gloomy world economic outlook.
The IMF also projected that Zambia’s economy in 2013 looked good and projected that it was likely to grow by 8% while inflation would be around six percent.
The mission had further welcomed Bank of Zambia’s introduction of the policy rate as a first step towards modernising the implementation of monetary policy and had also commended the central bank for keeping inflation in check.
Zambia was also been congratulated by the IMF on the successful launch of the country’s first Eurobond and welcomed the decisions the authorities made for the use of the funds in 2012 and 2013.
Impressive
Impresive
WHATS THE STATUS ON THE NEW BOZ ACT, HAS IT BEEN PUT INTO EFFECT. WE NEED THAT ASAP BA CHIKWANDA.
Hard working Chikwandwa, reporting for work before 07:00 hrs. No time for politicking and noise making. Keep it up.
BY THE TIME PF LEAVE IN 2016 ZAMBIA WILL BE IN DEBT OF 2TRILLION WATCH THIS SPACE. THEY DO NOT EVEN THE MEANS OF PAYING BACK THIS MONEY WHICH WILL END UP IN THEIR POCKETS, AND YOU CALL THIS WORKING
Lon lender would dare lend you money if you have nothing to show for. Zambia is very capable if paying debt up to 1 zillion. We walk on gold mines everyday.
This reminds me of those Ronald Penza’s “Paris Club” trips; they are off to sign our souls off to the devil himself in D.C.
More like looting by the clan led by ba yama and Fredson Yamba on behalf of the serpent.
@ Mr Dee. YOU CAN TRY ZWD. THEY ACCEPT SUCH CRAP.
@ chisenga point.
seleni tubombeko
too much borrowing and yet you have no plans for the money..atase..
U criticise everything learn to give credit where it’s due go go chikwanda…
THIS IS CONSTRUCTIVE CRITCISM YOU CANNOT KEEP ON BORROWING WHEN YOU HAVE NO MEANS OF PAYING BACK ALL THESE DEBTS PLEASE THINK AND BE CONCERNED ABOUT THE FUTURE GENERATION. THE BIBLE SAYS A BORROWER IS A SLAVE TO THE LENDER. WE INNOCENT ZAMBIANS ARE BEING ENSLAVED YET WE ARE NOT GOING TO BENEFIT FROM ALL THIS MONEY
Borrowing is good if and when deep down the heart the borrower is convinced to generate more money out of the borrowed money and thus be able to dig oneself out of the debt hole. Its my conviction the funds being borrowed are meant for capital investments. Such money should not be used for paying sitting allowances of directors who do nothing but keep asking for commissions, like ZR board members. Let the borrowed money be spent wisely and not to end up in the pockets of crazy heads that only see eating up the borrowed money for no relevant work or no work at all.
PF a govt of kaloba lead by kaponya with a team of tumimbya
Jay Jay walandako ifyamano lelo! Bane cenjeleni nakaloba yab World Bank na IMF. It is meant to morgage your icalo!