The International Monetary Fund (IMF) will conduct a VIRTUAL consultative and information exchange mission for Zambia from June 22 to July 1, 2020.
And, Finance Minister Bwalya Ng’andu has directed all officials in the Ministry of Finance to deeply reflect on the forthcoming assignment and prepare a well-structured engagement strategy.
He also emphasised the need to identify competent and dedicated staff, who will adequately allocate time to prepare for the assignment in order for the country to obtain the best possible conclusive outcome on future cooperation with the Fund.
Dr Ng’andu has asked his management team to closely monitor the cleaning-up of all the required data requirements and ICT facilities in preparation for seamless engagement with the IMF.
During the staff mission, the IMF team will conduct virtual consultative and information exchange sessions with Central Government, Bank of Zambia, Zambia Revenue Authority, and other stakeholders in the Zambian economy.
Dr Ng’andu has implored relevant public sector agencies to adopt mindsets that are positive, symbiotic, and systemic.
He also emphasised the need for accuracy in the production of debt related data, firmness in the implementation of liability management measures, and a sound domestic arrears dismantling programme.
The Minister said this at his office in Lusaka during the weekly top-management visioning-and-milestone-setting meeting on economic policy, fiscal affairs, tax policy financial management, and internal controls.
Present were Secretary to the Treasury Fredson Yamba, Permanent Secretary, Economic Management & Finance Mukuli Chikuba, Permanent Secretary, Budget and Economic Affairs Dr Mulenga Pamu, Accountant General Kennedy Musonda and Controller Internal Audit Chibwe Mulonda.
This is according to a statement issued to ZNBC News by Ministry of Finance Spokesperson, Chileshe Kandeta.
When are you paying retirees kanshi?
Another time wasting exercise the IMF will never give you any money as long as the cry is being lead by a clueless drunk
An exercise in futility, clean up your debts and tell the IMF the portfolio of loans.
We are tired of IMF this and that time to act responsibly is now.
PF must go!
Excellent development. Mature way of interacting with partners in the global economy. You are doing well our minister.
Just leave it imwe, you have bad credit and know one in there normal state of mind will borrow you money. PF doogs are useless starting with that ka one ball president
The day shall come when African countries shall finally be self-reliant and cut themselves free from blood sucking institutions like the IMF and the World Bank. Instead of pulling down colonial statues, Africans should be demolishing their dependency on these institutions by putting in place their own economic institutions and making their own rules.
I thought we are a Sovereign country, and don’t need them…
IMF ,
The money you give lungu he will use to pay his thugs to crackdown on legal peacfull protests, close independent tv stations…..and threaten any critical voices.
Don’t give him anything.
We will be sending protests notes to all IMF staff dealing with Zambia to register our concerns.
This is beyond embarrassing…its like chasing after a lady to the point where she takes out restriction order on you…IMF already stated that PF are poor managers
Sometimes these so called leaders have no foresight, Edgar Lungu once said he didn’t want the IMF and snubbed them.
Instead of meeting them, he opted to visit Kazungula Bridge inspection.
These are elected dunderheads in our country.
PF must go!
Beging again!!!
@Nine Chale…never!!
This has been going on for a while. Zambian expertise in preparing for such meetings should be getting better and better. Unending meetings without a deal are always a sign that there’s disagreement.
Surprised that the PF that bragged they didn’t need IMF are now the ones seeking help from them but I know it is in order to fund campaigns for PF next year hence the desperation.
None starter
If I were Bwalya Ng’andu I would have by now made 4 trips to China to discuss their debt because it makes the largest stock of what we owe. As long as you don’t seal the financial leakages you won’t achieve much. If you save K1, K5 will be lost through overpriced tenders. Can you give us how many institutions accessed your stimulus package? Or it’s another forgotten story
IMF must tie any help to strict conditions…. Otherwise it will aid dictatorship!!!
Joint Chiefs of Staff Chairman Milley apologizes for appearing with Trump at church photo op
God knows I loothe the IMF and World Bank.
I hate the sound of these two institutions.
They must rebrand.
$#!+ #01£ institutions.
IMF should not give any money to these PF thugs. They just want to use it to rig elections and to pass bill 10. All of it will be for bribing MPs, councilors etc. Let them withdraw Bill 1o, dissolve ECZ to come up with true body represented by all stake holders, reformes in the judiciary, police, ACC, military, ZNBC (remove the Chinese and let PF pay them what they owe etc. If these are accomplished then government which wins should receive IMF funding. If IMF did this they will be heroes to all genuine Zambians.
How many times are you going to plead with IMF? Just clean up your
Mess then invite them.On one hand
You want a loan and the other hand
You can’t stop corruption and unnecessary spending.
Just forget IMF No funds available for zambia as too much corruption.
We wish you well.
Does data accuracy only matter whn meeting with IMF officials? Data accuracy is good for everyone.
Is it any coincidence that literally all staff at the treasury to meet the IMF and World bank are all Bemba? This systematic and symbiotic tribalism is what breeds failure and incompetence in everything Zambia does, nobody will give money to a debt burdened bunch of stinking thieves!
It’s should actualluy be called the Kola Foundation Consultative Vitual Conference with the IMF, not Zambia, no!