Kwacha rebound attributed to improved US dollar supply
• Last week, the Kwacha appreciated by more than 2.5 percent.• This was due to improvement in terms of supply on the interbank market.• The
Category : Economy
JCTR Calls for Pro-Poor 2023 Budget
• The least government can do as it puts together the national budget is to demonstrate that it is a listening government• People want not
We should brace ourselves for hiked fuel prices – Veep
• Government is not in control of global fuel prices.• The country is affected by external forces.• Citizens must be ready. Vice President Mutale Nalumango
Zambia records single digit inflation
• Food inflation decreased… in food items such as Cereals, Meat and Vegetables.• Non-Food inflation decreased due to decreases in prices of Garments, Purchase of
Kwacha back on downward trajectory
• The Kwacha has continued to depreciate largely speaking to a number of factors.• Last week, the Kwacha depreciated by 0.5 percent compared to 0.4
Government seeks Japan’s support in ongoing official creditor’s committee discussion
• Government seeks Support from Japanese Government on debt restructuring.• With the creditors’ support such as JICA, Zambia will be able to finalize the International
K43.1bn revenues, grants collected – Ministry of Finance
• 3.7 percent above the budget target of K41.6 billion.• K6.3 billion from the IMF Special Drawing Rights Allocation.• Mining tax amounted to K6.4 billion
IMF deal looks very positive – Economist
• The IMF deal has been very positive since the new dawn government started to discuss this.• It looks very positive that this will go
World Bank to provide Zambia with funds amounting to US$275 million
• The Bank is providing sizeable positive net flows to Zambia.• Under IDA19, the Bank is committing approximately $959 million.• U$$294 million has already been
Government disburses over K457 million Social Cash Transfer funds
• As at June 17th, 2022, Government has disbursed K457, 477, 708. 40 Social Cash Transfer funds for May/June.• It is Government’s resolve to ensure