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Zambia’s Finance Minister Proposes $1.6 Billion Supplementary Budget

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Kennedy Mupeseni

Kennedy Mupeseni is a Zambian based journalist covering business, finance, energy and mining.
  • K41.9 billion supplementary budget aimed at debt repayment and drought response
  • Calls for relaxed IMF conditions to manage the economic crisis.

 

Lusaka, Zambia – Zambia’s Finance Minister, Situmbeko Musokotwane, has presented a K41.9 billion (US$1.6 billion) supplementary budget to address external debt repayment and mitigate the effects of a prolonged dry spell.

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