Finance Minister Margaret Mwanakatwe

FINANCE Minister Mrs. Mwanakatwe has assured investors that Zambia is firmly committed to the sustainability of a stable enabling environment for local, foreign and blended investments.

Addressing elite investors on the sidelines of the IMF/World Bank Spring Meetings, Mwanakatwe invited the audience to explore the prospects in energy development, the agriculture value chain, tourism, and import substitution through development of industrial parks.

“These are some of the key areas of our investment focus as they have substantial rates of return for both the country and investors,” she said.

She said Zambia’s location at the center of eight neighbouring countries is key in the development of regional transport and logistics hubs.

The Minister shared her optimism about the Government’s growth forecast of around 4 percent, inflation target of between 6 to 8 percent, budget deficit of less than 7 percent, fiscal adjustment, strengthened financial discipline and transparency.

She further assured the investors that the country was on course in the implementation of the medium term debt strategy and that any future borrowing will be focused on highly concessional facilities.

The over fifty (50) delegates at the investor forum were drawn from over twenty (20) institutional investment houses at an event held at JW Marriott Metro Station Hotel, Washington, DC, USA.

Among the issues presented to investors by the Minister was debt management, fiscal consolidation, tax reforms, domestic resource mobilization, and monetary policy.

This is according to the media statement by Ministry of Finance Spokesperson Chileshe Kandeta.