SPEECH BY THE GUEST OF HONOUR HON. SITUMBEKO MUSOKOTWANE, MP MINISTER OF FINANCE AND NATIONAL PLANNING
LAUNCH OF THE JCTR NATIONAL LEVEL DEBT AUDIT STUDY WEDNESDAY, 9TH MARCH 2022 by Mr. G. Kabwe- Director of Debt and Investment MOF
From Commitments to Actions: Increasing Public Accountability in the lead up to Monterrey+20
Chama Bowa Mundia- Social and Economic Development Programmes Manager JCTR
To start with, please allow me to introduce the Jesuit Centre for Theological Reflection.
We are a faith-based organisation and a ministry of the Society of Jesus (Jesuits). The Centre was formed over 30 years ago in 1988. Our existence anchors on translating into action Christian principles and values in our quest to promote social justice in Zambia. We provide from a faith inspired perspective, a critical understanding of current social, political and economic issues and generate action to address them. Our vision is simple. We envision a just Zambian society guided by faith where everyone enjoys the fullness of life.
Today, close to 16 years after Zambia’s debt was cancelled, the nation is struggling with a huge debt burden standing at over us$14billion. This is double what it had accumulated back in 2006. Zambia’s debt has undeniably reached unsustainable levels. This challenge is what underlines JCTR’s current campaign for better public debt management (including the involvement of parliament) and budget monitoring. The report dubbed “audit on debt strategies/key legal reforms that support the financing for development agenda in Zambia” being launched today thus comes at a very critical time in the nation’s history. Click>>>