CSOS Urges President Lungu to Hold an Emergency Cabinet Meeting and Assure Investors

Lusaka Times, May 27, 2019

A Consortium of Civil Society Organisations has proposed that as President Edgar Lungu holds an Emergency Cabinet meeting this week, government needs to take immediate action to improve cooperating partners’ and investors’ confidence in the markets through robust financial management.

The CSO’s said this must include implementing long overdue financial oversight reforms, improving transparency on pipeline debt and revising the Medium-Term Expenditure Framework and the revision and enactment of the Loans and Guarantees Act and the Planning and Budgeting Bill respectively which would also serve to achieving this objective.

They have also noted the need for Government to implement a genuine austerity budget for 2020 and begin to undertake austerity measures immediately, take a number of policy decisions to address Zambia’s debt and promote private sector-led growth.

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