Chiteme addressing Member States at the ongoing United Nations (UN)
High Level Political Forum (HLPF) on Sustainable Development themed:
“Transformation towards sustainable and resilient societies.” Picture
courtesy of Zambia Mission/WALLEN SIMWAKA
Government says it is waiting for Cabinet approval of the composition of the Public Investment Board before it is announced to the public.
Minister of National Development Planning, Alexander Chiteme said the terms of reference to guide the operations of the board have been developed and the composition of the institutional representation has also been determined.
Mr Chiteme explained that government has set up the Public Investment Board to approve all Public Investment projects before they are implemented.
“The ultimate objective for putting in place the Public Investment Board is to provide policy direction in the selection of the public projects that will ultimately have higher impacts,” said Mr Chiteme.
The Minister said the Board’s responsibility will be to provide policy guidelines on the development and selection of projects that meet the required technical, economical and appropriate social requirements for the country and citizens.
He said the board will scrutinise the cost implications involved in undertaking the projects by comparing the financial inputs and gains as well as assessing the most feasible financing modalities for such projects.
The Minister said this is in line with government’s austerity measures to manage escalating costs on public investments and bring them to the most bearable levels that will guarantee value for money to both Government and beneficiaries.
Mr Chiteme said his ministry with support of Cooperating Partners under the Public Financial Management Reform Programme is putting in place the public investment management system to strengthen the work of the Board in appraising public investment projects.
He disclosed that a total of 25 officers from the Ministry of National Development Planning and other line ministries have also been trained in project appraisal adding that work is in progress in developing an ICT system and database to support the Public Investment Management System.
This was contained in a press statement made available to ZANIS by the Ministry’s Public Relations Officer, Chibabula Silwamba.
Ultimately it will just be a rubber stamp since the appointees will have to pay allegiance to the appointing authority. So another waste of resources.
Wasted money is in PANAMA.
The Board, like most parastatals will be mostly northerners ( Luapula, NP, Muchinga) and easterners. That is what clueless humble Edgar has done to this country
Great news to this working Government AGAIN
Thanks
BB2014,2016
Let’s develop this thing! It is UNELECATBEL ( Ba Mental spelling).
Has Munir Zulu and Kaizer approved the membets of this board.
The little boy UNDER FIVE has already H-approved ’em.
Munir and Kaizer have their own boys on board and am assuming their the ones who will appoint these guys. so its a win win for them.
Great idea….we just have to wait for implementation
implementation will be done in 2021 before elections.
You can be sure they will fill up this board with usual suspects.
PF appointments so predictable. NEXT article please.
But His Excellency President Edgar “Directive” Lungu will just give directives to the Board. Don’t waste our time iwe Alexander Chiteme.
And can have confidence in decesions made by this kangaroo cabinet.
And who
What board caders ati board, stupid!ty is over the top, if a kaponya can be a minister under a convicted debarred lawyer this board will be full of kaponyas and thieves like the !doit at the helm