Swedish Ambassador Henrik Cederin talks to President Edgar Lungu during the Annual Greeting Ceremony for Diplomatic Corps at State House
Swedish Ambassador Henrik Cederin talks to President Edgar Lungu during the Annual Greeting Ceremony for Diplomatic Corps at State House

President Edgar Lungu says government will not borrow recklessly to finance the country’s transformation and development process.

President Lungu said his administration remains committed to prudent borrowing and will ensure that debts incurred are sustainable.

The president made the assurance when he met diplomats accredited to Zambia as well as international development cooperation and aid agencies during the annual greeting of the diplomatic corps at State House in Lusaka.

President Lungu said government will continue with its zero tolerance on corruption and policy of transparency and accountability in the use of public resources.

The Head of State said government will call upon the diplomatic community to help build the capacity of key institutions in the country to fight against corruption.

President Lungu further assured donors that government will not condone misuse of donor funds aimed at improving the welfare of vulnerable Zambians.

The president has since directed law enforcement agencies to speed up investigations in the alleged abuse of donor funds in the social cash transfer scheme.

President Lungu also appealed to the international community to support Africa’s call for reform of the United Nations Security Council to make it more representative, accountable, effective and responsive to the geographical realities of the 21st century.

The president said Zambia opposes text based negations and instead supports consensus for the common African position of two permanent seats with veto powers for Africa.

President Lungu further thanked the international community for providing support to Zambia since she assumed chairmanship of the SADC Troika Committee on Defence, politics and security

The president expressed optimism that political stability and democracy is returning to the region as demonstrated by Eswatini, Zimbabwe, Madagascar and the DRC holding peaceful elections which he said should be emulated by other countries primed to hold elections this year.

And giving a vote of thanks, Dean of the Diplomatic Corp Ambassador Balbina Da Silva paid glowing tribute to the Zambian government for providing facilities and services that have made it easier for diplomats to work in the country.

The Angolan Envoy said diplomats accredited to Zambia will continue to cooperate with government to strengthen bilateral relations and help Zambia attain and sustain her development process.

Ambassador Da Silva said President Lungu’s assumption of the Chairmanship of the SADC Troika Committee is a demonstration of the region’s confidence in President Lungu’s leadership in international diplomacy.

President Edgar Lungu pose for a group Photograph during the Annual Greeting Ceremony for Diplomatic Corps at State House
President Edgar Lungu pose for a group Photograph during the Annual Greeting Ceremony for Diplomatic Corps at State House
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36 COMMENTS

  1. Like all of you, I believe him.

    So no case of worrying about debts all you naysayers

    Please Vote Lungu in 2021, to make sure he finishes all the programs as any other leaser will derail the progress ongoing at the moment which is all clear to see,

    I hold a PhD

    Thanks

    BB2014,2016

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    • Hello, investigation into social Cash transfer scheme again??? This is why we tell you lungu and PF that lies have short legs, just a few months ago, you said there was no scandal in the social Cash transfer scheme and remember that the money you said was in some zanaco account?,, , what quick investigating are you talking about now? And didn’t you lungu and Amos Chanda throw back money in the face of donors,, you see how stup! D you look now,, you are back begging again,,, ati assuring donors no bwana you are simply begging

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    • Of course you will not borrow because the credit lines have been closed. IMF , other lenders including China have stopped lending money to Zambia and Zimbabwe. That’s why Zim is in that crisis because China told Mnangagwa to repay the 10 billion loans first before it can lend more money. It is the same for Zambia. That’s why Lungu is trying hard to court IMF to open credit links and also increasing mine taxes abruptly.

      Yes no more borrowing when Zambia ‘s credit record is extremely bad. It’s made worse by the lying on part of PF . PF thinks IMF does not know how much it has borrowed when IMF is part of most big international banks through which borrowed money is transfered eg Bank of international payments through most international money transfers take place.

      PF are thieves…

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    • That’s an insult to Zambians. Lungu & PF00Lish govt have already borrowed recklessly to a point of bankruptcy and selling our sovereignty, national assets, prime land & natural resources to tu ma Chinese.

      Lungu can surely say this after borrowing $400-Million for missile-proof private jets when there are no cancer scanners at UTH.

      Debt service is exceeds allocation to education & health.

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    • 1. Regarding debt: We already owe 17billion dollars. Atleast 9 billion of it is external debt. I’d say that’s pretty reckless.

      2. Regarding corruption: We have ministers serving in government who have neen cited by the FIC report for corruption.
      We have the 42 fire wheel burrows bought for 42million. We have the ambulances, we have the Lusaka ndola road for 1.2billion. We have AVIC getting so many contracts at the expense of Zambian contractors. We have the auditor general report which has cited several PF officials . In spite of all this can you say you have zero tolerance for corruption sir?

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    • Lungu and PF are again introducing another tax called the Goods and services tax on top of sales, VAT income tax, Energy Levy, Rental withholding, to mention but a few. How many taxes is Lungu going to introduce to raise money to pay back the huge debt of the money Lungu and his thugs stole?

      So far Zambians are the most taxed people in the world given the fact that tax money collected only benefits a bunch of thieves in PF.

      PF = more taxes and thieving.

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    • What the hell is SADC. Is it similar to BREXIT or is it some unrecognised and uncharacterised African disease?

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  2. The president has finally found his marbles!! An epiphany that has come too late. Bwana Lungu you are realising too late that you have already over – borrowed! Who is fooling who?

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  3. Borrow? How? and From Who? You have exhausted all your possibilities. But all hope is not lost, instead of money, try borrowing a vision from China.

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  4. IF SOME ONE DENIES AN ALLEGATION AND LATER SAYS THAT INVESTIGATION IN THE MATTER MUST BE DONE SPEEDILY THERE IS NO CONTRADICTION. MULI VIKOPO VAMBWANJI?

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  5. flag Corruption scandals: Social Security Cash Luxury Presidential Jet Ambulances Fire Trucks Mukula Trees Ndola-Lusaka Rd Malawi Maizegate Fuelgate Swaziland landgate Zesco Loans

    “…will not borrow…”? Mate that’s future tense, we have already borrowed recklessly and we are now drowning in debt that will take generations and generations to repay. In fact we will losing some of our country and forfeit it to China (if we haven’t already lost it).

    So Mr Lungu who are you kidding? Your grandkids? Negro please… learn to be honest for once!

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  6. Africa cannot have a strong voice on UN security table because of puppetry behavior. We just accept anything that comes from the worst owing to the fact that our continent is fraught with corruption and poverty. Africa is the only continent that is able to sale it’s sons to Hague for persecution. Africa connived with the worst to eliminate it’s son Gadaffhi, president of Libya. It is the only continent that depends on guidance from the worst where discoveries of its identity is concerned. Africa will castigate it’s citizens in the discovery of its own medicine unless it comes from the west. Africa should find its own niche in the world of sciences and technology for it to claim a position on world stage.

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  7. The royal family and cohorts have had their fill with riches, now IMF can come so that excuses for austerity measures will be preached to the masses. You cannot fool people all the time.

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  8. @Wanzelu
    He thinks he is raising money but he has suffocated the economy. At this rate the debt will not even be paid and the default is just round the corner.

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  9. He must be living in the past not present characterized by limitless borrowing and senseless spending on himself and his wife . how on earth can be justify buying a plane and building himself a new state house when we do not have essential drugs and equipment in our hospitals and there is nothing wrong with the current state house .

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  10. “…President Lungu said government will continue with its zero tolerance on corruption and policy of transparency and accountability in the use of public resources…”

    Was your wife’s chatering a private jet to take 25 people to the USA for 2 weeks out side this accountability ???

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  11. Sishuwa Sishuwa says that President Lungu is not the best but acknowledges that Triba.l Hacks (my words) is far from the alternative that Zambia seeks.
    Exactly my description.

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    • Not the Best? You must be kidding? He is the BEST Endemically Corrupt Liar ever walked under Zambian sun

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  12. Bwana Lungu your Zambia is already in a debt crisis as per IMF warnings and Fitch downgrades .The $42m firetrucks are exhibit #1 and the $1.2bn Ndola-Lusaka dual carriageway.

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    • Did the president imply not borrowing recklessly for the 10th time? Because he has already borrowed recklessly.

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