Zambia News

IMF Provides Government With Governance and Graft Report

President HAKAINDE HICHILEMA has received the Zambia Diagnostic Report on Governance and Corruption from the International Monetary Fund (IMF).

In place of the assignment’s Mission Chief, Tina Burjaliani, IMF Resident Representative PREYA SHARMA presented the Report to the President.

The Governance Diagnostic Report was created in response to the President’s request to the IMF in November of last year.

The Assessment Report is meant to encourage ongoing reform and advancement in setting up efficient governance systems and the rule of law.

Additionally, President HICHILEMA emphasized at the virtual handover his administration’s ongoing commitment to the fight against corruption, including the independence of governmental and law enforcement institutions.

He declared that his government is dedicated to respecting the division of powers and important policies like improving access to information.

The President emphasized once more how important the battle against corruption was to his administration.

Other ongoing legal reforms and initiatives were also emphasized by President HICHILEMA, including the Public Debt Management Act and Securities and Exchange Act being strengthened to better combat money laundering and the funding of terrorists.

SITUMBEKO MUSOKOTWANE, Minister of Finance and National Planning, reiterated the government’s commitment to fighting corruption in his remarks at the same event.

Additionally, Dr. MUSOKOTWANE praised the IMF for its tireless efforts in creating the Report.

In crucial priority areas like anti-corruption and anti-money laundering, fiscal governance, contract enforcement, and protection of legitimate rights, among others, the diagnostic assessment for Zambia concentrated on identifying governance deficiencies and corruption risks.

This is said in a statement that was made available to the media.

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