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Saturday, September 25, 2021

Finance Minister Situmbeko Musokotwane hold bilateral talks with World Bank Africa Group

Economy Finance Minister Situmbeko Musokotwane hold bilateral talks with World Bank Africa...

Finance Minister Situmbeko Musokotwane has held bilateral talks, Wednesday, with World Bank Africa Group 1 (AG1) Constituency Executive Director Dr. Taufila Nyamadzabo, at the World Bank Headquarters in Washington DC, USA.

Dr Nyamadzabo briefed the Minister on the operations of the World Bank’s Africa Group 1 Constituency. He reiterated the warm bilateral cooperation between the World Bank and Zambia and explained the opportunities available for regional economic cooperation.

The Minister took the opportunity to brief Dr Nyamadzabo on the economic stabilisation thrust of Zambia’s new dawn administration. He also communicated the decision of Cabinet to approve the 2022-2024 Medium Term Expenditure Framework (MTEF), the 2022 Budget Framework, and the need for the Ministry of Finance to hold consultations with stakeholders during the ongoing budget preparation process.

Dr Musokotwane is part of President Hakainde Hichilema’s delegation to the USA for the United Nations General Assembly and for meetings with US authorities. The Minister was joined in Washington by Acting Bank of Zambia Governor Dr Francis Chipimo

Allan Ncube - World Bank Senior Advisor, Dr Francis Chipimo - Acting Bank of Zambia Governor, Dr Taufila Nyamadzabo - World Bank AG1 Executive Director, Dr Situmbeko Musokotwane, MP - Minister of Finance and Mrs Masitala Mushinge - Assistant Director (External Debt), Ministry of Finance.
Allan Ncube – World Bank Senior Advisor, Dr Francis Chipimo – Acting Bank of Zambia Governor, Dr Taufila Nyamadzabo – World Bank AG1 Executive Director, Dr Situmbeko Musokotwane, MP – Minister of Finance and Mrs Masitala Mushinge – Assistant Director (External Debt), Ministry of Finance.

11 COMMENTS

  1. Let’s hope something fruitful comes out
    Which can benefit Zambia as a country
    After ten years of mismanagement of the
    Economy.Goodluck Minister of Finance.

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  2. That Bank helped Europe recover after WW2. It can help Zambia too as long as respect the rule of law and good governance,

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  3. UPND is a serious government, even if they took 4 years and 362 days to deliver free education, it would still be a done deal as that would still be in their five year mandate, and we vote them back in 2026.

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  4. The road ahead won’t be easy. However, there’s good will from all key economic institutions. If the government demonstrates seriousness from the beginning, things will stop getting worse. After that they can start improving.

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  5. THERE IS NO SUCH THING AS A FREE LUNCH.
    ZAMBIA WILL BE TOLD TO REMOVE SUBSIDIES ON FUEL, FERTILIZER, ELECTRICITY AND THUS NULLIFY ALL OF THE CAMPAIGN PROMISES.
    THAT’S HOW ECL FAILED TO GET AID FROM THESE INSTITUTIONS.

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  6. World Bank and Western country aid (USG, UK, etc.) ALL continued in Zambia non stop during Lungu’s time.
    Lungu and crew also went begging the IMF for a bailout after they went nuts borrowing and stealing, but couldn’t handle the conditions (which wouldn’t allow for continued rampant theft), so they refused to accept the terms. And his finance minister KEPT on begging, but the IMF wasn’t keen to negotiate, especially given their track record. IMF wanted to see who would win the election.
    But it serves bloggers here to keep revising the truth to represent HH as some sort of sell out to the West and Lungu as standing up to them, which is of course the opposite. HH has competence to stand on when he negotiates, Lungu gift was offering under the table bribes and public collateral…

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  7. ZAMBIA FIRST – Lazy lungu failed because he oversaw a reckless and corrupt govt…not forgetting it was Kakistocracy where in the world would you appoint a chap like Bowman Lusambo as Minister if Lazy won Jay and Munir Zulu would have been nominated ministers

  8. The western world has intention to help zambia progress. This is because HH has shown them that he means well. ECL couldn’t secure deals with the west because he closed democratic space.
    Kk lost favour from bazungu when he pulled the one party stance.
    Chiluba on 3rd term.
    Mwanawasa got support when he showed democratic character and corruptophobia.
    Mule ishiba utuntu…

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