Category: Public Finance Weekly Column

IS THE 2023 NATIONAL BUDGET REFLECTIVE OF IMF CONDITIONALITIES, REFORMS OR MERE RHETORIC? PART I

In this week’s Monday opinion, we introduce the focus on the footprints of the IMF programme on the 2023 National Budget. The IMF is briefly discussed in this article, along with the reasons it may have been unpopular in its earlier incarnations. Then, we try to reflect certain prior actions and structural benchmarks and determine…
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ASSESSMENT OF THE BANK OF ZAMBIA ZMW10 BILLION COVID-19 STIMULUS PACKAGE (PART 2)

IN LAST week’s opinion piece, I introduced the Bank of Zambia (BOZ) Targeted Medium Term Refinancing Facility (TMTRF) which was instituted to provide funds to targeted sectors which include Agriculture, Manufacturing, Energy, and Tourism. Last week, I highlighted the overarching finding from a study that was conducted by the Centre for Trade Policy and Development…
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ASSESSMENT OF THE BANK OF ZAMBIA ZMW10 BILLION COVID-19 STIMULUS PACKAGE (PART 1)

In the first quarter of 2020, the COVID-19 pandemic gravitated to many countries in the globe and sent several economies into sporadic lockdowns. For Zambia, the pandemic exacerbated existing economic vulnerabilities and drove the economy into a recession. The Bank of Zambia (BOZ), like other arms of Government, instituted complimentary measures to safeguard financial system…
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REFLECTION ON SOCIAL PROTECTION PROGRAMMES IN ZAMBIA.

In this week’s Monday Opinion, we focus on social protection and the non-contributory schemes that provide a safety net for the poor and vulnerable in Zambia. The Ministry of Community Development and Social Services defines social protection as “policies and practices that protect and promote the livelihoods and welfare of people suffering from critical levels…
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A GLANCE AT THE FIRST TWO MONTHS OF THE NEW DAWN NATIONAL BUDGET IMPLEMENTATION: PROJECTING THE END FROM THE BEGINNING -PART TWO.

In last week’s Monday Opinion, we relied on the fiscal performance for the first two months of the New Dawn Government’s maiden National Budget to situate what has been done so far within the broad context of Government’s 2022 National Budget aspirations.

A GLANCE AT THE FIRST TWO MONTHS OF THE NEW DAWN NATIONAL BUDGET IMPLEMENTATION: PROJECTING THE END FROM THE BEGINNING.

The New Dawn Government officially began implementing its maiden National Budget on 1st January 2022. The 2022 National Budget speech outlined Zambia’s aspirations for the 2022 fiscal year anchored on attaining a real Gross Domestic Product (GDP) growth rate of 3.5 percent, reducing inflation to single digit by end of 2022 and within the 6-8…
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Taxation of the Digital Economy and Prospects for Domestic Resource Mobilization.

Last week’s Monday opinion focused on the digital economy and its potential for domestic resource mobilization (DRM) in Zambia, with a focus on tax opportunities in the ICT sector. We discuss Zambia’s prospects from the OECD’s two-pillar solution that seeks to accord countries taxing rights and a global minimum tax rate in this week’s Monday…
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ENHANCING THE EFFICACY OF SOCIAL PROTECTION AMIDST ECONOMIC REFORMS – PART TWO

In last week’s edition of our Monday Opinion, I relied on a study conducted by the Centre for Trade Policy and Development (CTPD) with support from Save the Children in 2020 to highlight some inherent challenges facing the social cash transfer program and made an attempt to prescribe plausible solutions. I motivated the discussion by…
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ENHANCING THE EFFICACY OF SOCIAL PROTECTION AMIDST ECONOMIC REFORMS

In recent years, Zambia has grappled with diverse challenges, spanning from economic and political to social. The state of the economy which slid into a COVID-19 and public debt driven recession in 2020 has been topical in policy conversations

IS AN INTERNATIONAL MONETARY FUND (IMF) PACKAGE BETRAYAL OF THE ZAMBIAN PEOPLE OR DEBT TRAP?

As Centre for Trade Policy and Development (CTPD), we would like to commend Government for taking very bold and highly ambitious stance towards an IMF programme. The country’s much needed political will to transform the economy.