Category: Weekly Articles

UNDERSTANDING THE DEBT SERVICE SUSPENSION INITIATIVE (DSSI)

On 9th October 2021, the Government of the Republic of Zambia through the Republican President, His Excellency Mr. Hakainde Hichilema, announced that, “as part of its debt management and negotiation, Government signed the DSSI with a number of lenders which include members of the Paris Club, Kuwait Fund, Saudi Fund, Development Bank of Southern Africa…
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FRA URGED TO GIVE ITS POSITION ON MAIZE PROCUREMENT

The Centre for Trade Policy and Development (CTPD) has called on the Food Reserve Agency (FRA) to urgently give its full position on maize procurement in this marketing season. We have noted with concern that hundreds of bags of maize belonging to small scale farmers are going to waste at some named Food Reserve Agency…
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CTPD CALLS ON GOVERNMENT TO BE MORE CONSULTATIVE ON ECONOMIC POLICY REFORMS

The Centre for Trade Policy and Development (CTPD) calls on Government through the Ministry of Finance to consider building local consensus on the key economic reforms it plans to institute while engaging cooperating partners for technical or financial support. This is critical in getting the ‘buy in’ of the citizens, now that we are past…
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EXPECTATIONS OF THE PRESIDENTIAL ADDRESS – OPENING OF PARLIAMENT

As His Excellency the President Mr. Hakainde Hichilema officially opens the 1st Session of the 13th  National Assembly, the Centre for Trade Policy and Development (CTPD) hereby provides the following as our expectations to inform the address to the National Assembly and the country at large.

CTPD’S EXPECTATIONS ON THE UPCOMING BANK OF ZAMBIA MPC DECISION ANNOUNCEMENT

As the Bank of Zambia (BoZ) Monetary Policy Committee (MPC) sets to announce its monetary policy decision on Wednesday 1st September 2021, the Centre for Trade Policy and Development (CTPD) expects the committee to maintain the policy rate at 8.50 percent. Considering the high overall inflation, any adjustments to the policy rate should be upwards…
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CONGRATULATORY MESSAGE TO HIS EXCELLENCE MR HAKAINDE HICHELAMA AND VICE PRESIDENT MUTALE NALUMANGO

It is with profound accolades that we wish to congratulate His Excellency Mr. Hakainde Hichilema, President of the Republic of Zambia and her Honor the Second female Vice President of Zambia, Mrs. Mutale Nalumango, and the United Party for National Development (UPND) for emerging triumphant in the just ended August 12, 2021 General Elections. We…
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PRESS STATEMENT ON THE IMF SPECIAL DRAWING RIGHTS INITIATIVE

On August 2nd, 2021, the Board of Governors of the International Monetary Fund (IMF) approved a general allocation of SDRs equivalent to US$650 billion (about SDR 456 billion) to boost global liquidity. The current SDR allocation is the largest in the history of the IMF and will be effective on August 23rd, 2021.

FOOD PRICE HIKES AMIDST COVID-19 COULD PUSH MILLIONS OF ZAMBIANS INTO EXTREME POVERTY

Poverty and food insecurity has been a primary concern in most developing countries and the advent of COVID-19 is with no doubt worsening the problem. The pandemic has potential to derail progress made towards achieving United Nation Sustainable Development Goal number 2, which aims to achieve “zero hunger”. A World Bank brief report on global…
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AHEAD OF THE 2021 GENERAL ELECTIONS: KEY ISSUES ON THE MINING SECTOR

As the country goes to the polls on 12th August 2021, it is expected that the political party that forms government will transform the mining sector into a tool of national development. The Centre for Trade Policy and Development (CTPD) wishes to note that this can only be attained if six critical issues facing the…
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CTPD’S REACTION TO THE KWACHA APPRECIATION

On 2nd January 2019, each United States Dollar (USD) sold for an average of K11.96. A year later, on 2nd January 2020, the average selling price for one USD was K14.19, representing a depreciation of the Kwacha of 18.6 percent. However, in 2020 alone, sparked and driven by the complexes and contradictions associated with the…
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