
GOVERNMENT has approved the long-term recommendations of the national indaba which was called by President Banda last year to brainstorm on ways of mitigating the effects of the global economic crisis on the Zambian economy in the short, medium and long term.
Acting Government chief spokesperson Dora Siliya said Cabinet endorsed the recommendations at its meeting held yesterday in Lusaka after careful consultations and considerations of the suggested policy measures.
The salient features of the recommendations of the National Indaba which was held on April 4 and 5, 2009, include economic diversification, changing of mindset within the Government systems and procedures, development of a transparent and accountable system of determining who should be beneficiaries of special support through fiscal stimulus measures and periodical holding of indabas prior to the presentation of the annual budget.
Ms Siliya who is also acting Minister of Information and Broadcasting Services said this in a statement issued in Lusaka yesterday.
She said Government sees the proposed measures actionable and concrete and therefore wishes to adopt them to enhance and sustain the country’s economy in the aftermath of the global economic crisis.
“As you are aware, President Banda’s administration already implemented some of the proposed policy actions from the National Indaba to insulate the country’s economy from the negative effects of the global economic meltdown in the just ended fifth national development plan,” Ms Siliya said.
She said Government managed to successfully mitigate the impact of the financial crisis on the Zambian economy through the use of the recommendations.
Ms Siliya who is Minister of Education said Government has since directed the Ministry of Finance and National Planning to incorporate the recommended policy measures in the sixth National Development Plan and also receive monthly progress reports from the key ministries.
She said Cabinet Office has been tasked to monitor and oversee the implementation process.
Ms Siliya however said two recommendations have not been accepted.
Those are on the establishment of taskforce to oversee the implementation of the recommendations of the indaba and that of the Minister of Finance and National planning be directed to mobilise funds amounting to K5 billion to facilitate the operations of the taskforce.
Ms Siliya said the recommendations were rejected because they are not budgeted for in this year’s budget.
[Zambia Daily Mail]