Zambia’s Minister of Finance, Dr. Situmbeko Musokotwane, has outlined the government’s commitment to enhancing domestic revenue generation to reduce reliance on foreign aid. His statements were made during a Bloomberg panel discussion, where he also addressed the implications of geopolitical trade tensions on Zambia’s key exports. Dr. Musokotwane acknowledged that the recent announcement of aid reduction from the United States of America came unexpectedly. However, he affirmed the government’s resolve to implement measures that will secure increased revenue for the country, fostering greater financial independence. “The announcement came abruptly; it would have been better if we were notified at least...
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