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by Nakubyana Mungomba
During the 19th National Congress of the Communist Party held in October, China added the Belt and Road Initiative into its Constitution. This Initiative represents China’s latest great ambition to build a global economic empire. If executed successfully, it would be Chinese President Xi Jinping’s most important foreign policy and greatest legacy.
by Chama Bowa-Mundia and Caesar Cheelo
On Tuesday (31st October 2017), the Bankers Association of Zambia (BAZ) and the Bank of Zambia (BOZ) 2017 commemorated World Savings Day by hosting a savings culture promotional event in Lusaka.
By Shebo Nalishebo
The fiscal consolidation measures put in place in the 2018 Budget are likely to pay dividends if the Government sticks to the set plans. Subsidy cuts on agriculture, fuel and electricity are some of the many factors that will help bring the fiscal deficit on a commitment basis to around 8.2 percent of GDP in 2018 from 9.3 percent of GDP in 2017.
The Zambia Institute for Policy Analysis and Research (ZIPAR) has welcomed the Government’s 2018 budget, which it says has chartered a course for accelerating fiscal fitness and putting the Zambian economy back on the path of robust sustained and inclusive growth and development.