Finance Minister Margaret Mwanakatwe
Finance Minister Margaret Mwanakatwe

Minister of Finance Margaret Mwanakatwe has today left for Ivory Coast to attend the African Development Bank [AfDB] High-Level Consultative Meeting on accelerating Africa’s growth and development.

During her tour of duty in Abidjan, the host town for the Head Office of the African Development Bank, Mrs. Mwanakatwe will attend a focus meeting on Southern Africa which will be scrutinizing progress made by the AfDB, assessing the results achieved in AfDB supported programmes and examining plans to accelerate and scale-up programmes in Southern Africa.

Other themes that the meeting will tackle include a look at the Southern Africa Macro-economic environment and the strategic financing of Sustainable Development Goals [SDG’s].

Mrs. Mwanakatwe will also hold bilateral meetings with the AfDB on support for development of the Mpulungu Harbour in Northern Province, Financing of the Batoka Gorge Hydro-Electric Power Project in Southern Province, and Completion of the Zambia-Tanzania-Kenya power interconnector, and budget support.

By virtue of her position as Minister of Finance, Mrs. Mwanakatwe is a Governor on the Board of the African Development Bank.

A fortnight ago, both the WORLD BANK GROUP AND THE AFRICAN DEVELOPMENT BANK re-affirmed their commitment to work with the Zambian Government in accelerating the implementation of development programmes.

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7 COMMENTS

  1. Please don’t go begging for more Kaloba. The $23-billion Kaloba for White-elephant projects has brought misery & pain to citizens.

    Instead of creating jobs, you introduce fake taxes (toll gates, health insurance, borehole tax, tax on rentals, TV license etc)

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  2. P-F Fool-s do not know that running a government is no different from a home. If the income in a home is not growing or stays the same, you know you have to reduce spending. The problem in Zambia is not tax revenues or growing the tax base but it is a failure to recognise that government has to stop or reduce WASTIFUL spending. I think dealing with spending is much easier than dealing with the tax gap. The only thing is that corruption is in the way of dealing with spending.

    If you talk about Kaunda’s days, domestic revenue was a problem because the only source was PAYE and debt. Chiluba came along and reformed the ZRA. If you look at the budgets since 2014, you will notice approximately 80% of the budget has been financed by domestic revenue. So what is the point of this debt…

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  3. P-F F-ool-s do not know that running a government is no different from a home. If the income in a home is not growing or stays the same, you know you have to reduce spending. The problem in Zambia is not tax revenues or growing the tax base but it is a failure to recognise that government has to stop or reduce WASTIFUL spending. I think dealing with spending is much easier than dealing with the tax gap. The only thing is that corruption is in the way of dealing with spending.

    If you talk about Kaunda’s days, domestic revenue was a problem because the only source was PAYE and debt. Chiluba came along and reformed the ZRA. If you look at the budgets since 2014, you will notice approximately 80% of the budget has been financed by domestic revenue. So what is the point of this debt…

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  4. I wish you had taken a person in your handbag there and you could have taught him manners! He will never win!

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