IMF Meeting Was Successful – Mwanakatwe

Finance Minister Margaret Mwanakatwe has described the 2018 Annual Meeting of the IMF and the World Bank Group, very successful.

The Minister said that during the meetings, she led a delegation from Zambia in several sessions with the IMF and WBG/

She has taken the meetings as an indicator that Zambia’s economic reform policies are of international market standard and will attract high quality stakeholders.

It is expected that she will announce specific austerity measures in Parliament in the coming weeks.

Members of her delegation in Bali were her counterpart the Minister of National Development Planning Alexander Chiteme, the Secretary to the Treasury Fredson Yamba, Deputy Secretary to the Cabinet Christopher Mvunga, Bank of Zambia Governor Denny Kalyalya, Ministry of Development Planning Permanent Secretary Chola Chabala, and Ministry of Finance Permanent Secretary for Economic Management and Finance – Mukuli Chikuba.

She said they have since requested the WBG and IMF, based on their respective mandates, to help Zambia in further strengthening the fiscal position by improving debt management capacity, increasing domestic resource mobilization and deepening local capital markets.