UK con­firms re­ceipt of £2.7m

Daily Nation Newspaper - - HOME NEWS - By NA­TION RE­PORTER

THE United King­dom De­part­ment for In­ter­na­tional De­vel­op­ment (DFID) has con­firmed re­ceiv­ing £2.7 mil­lion which was re­funded by the Zam­bian Govern­ment fol­low­ing con­cerns raised by Lon­don on util­i­sa­tion of so­cial cash trans­fer pro­gramme funds. DFID direc­tor gen­eral, Lindy Cameron in Bali, In­done­sia, yes­ter­day dur­ing a bi­lat­eral meet­ing with Min­is­ter of Fi­nance, Mar­garet Mwanakatwe said the in­sti­tu­tion was happy that its re­quest was granted. Ms. Cameron said once the re­sults of the so­cial cash trans­fer pro­gramme foren­sic au­dit were fi­nalised and ap­pro­pri­ate ac­tion taken, DFID would en­gage Zam­bian au­thor­i­ties to chart the path for re­sump­tion of pos­i­tive de­vel­op­ment co­op­er­a­tion. In a state­ment is­sued yes­ter­day, Min­istry of Fi­nance head me­dia and pub­lic re­la­tions Chileshe Kan­deta, said the UK Govern­ment of­fi­cial also took the op­por­tu­nity to in­vite Ms. Mwanakatwe to the Africa In­vest­ment Fo­rum which would be held in Lon­don in 2019. Ms Cameron said DFID would be on hand to as­sist Zam­bia in pre­par­ing for the 2019 UK-Africa In­vest­ment Fo­rum. “We are grate­ful for honour­ing our re­quest,” Ms Cameron said. And the min­is­ter took the op­por­tu­nity to an­nounce that she will be trav­el­ling to Europe and Amer­ica for a non-deal­road-show for Zam­bia’s bond hold­ers and prospec­tive in­vestors. Ms Mwanakatwe con­firmed that so­cial pro­tec­tion funds to­talling K2.1 bil­lion had been pro­vided for in the 2019 Na­tional Bud­get. She re­it­er­ated that the Govern­ment would con­tinue to treat con­cerns which were raised by stake­hold­ers on the util­i­sa­tion of pub­lic re­sources, with the de­served se­ri­ous­ness. Ms Mwanakatwe and her del­e­ga­tion at­tended the World Bank-IMF An­nual Meet­ings Ple­nary ad­dressed by In­done­sian Pres­i­dent, Joko Wi­dodo; IMF Manag­ing Direc­tor, Chris­tine La­garde; and World Bank Pres­i­dent, Jim Yong Kim.

DFID would be on hand to as­sist Zam­bia in pre­par­ing for the 2019 UK-Africa In­vest­ment Fo­rum — Ms Cameron

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