UK confirms receipt of £2.7m
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