• About
  • Become a Climate Reporter
  • Send Us Your Report
  • Submit A News
  • Support Us
  • Privacy Policy
  • Contact Us
Sunday, June 1, 2025
NEWSLETTER
Africa Climate Reports
No Result
View All Result
  • HOME
  • CLIMATE CHANGE
  • SUSTAINABLE DEVELOPMENT
  • FOOD
  • FOREST
  • ENERGY
  • WASH
  • LAND
  • OTHERS
    • FINANCE
    • HEALTH
    • OCEANS
    • TOP STORIES
    • MOST POPULAR
    • COLUMNISTS
    • INTERVIEWS
    • OPINIONS
    • PHOTOS
    • VIDEOS
Africa Climate Reports
  • HOME
  • CLIMATE CHANGE
  • SUSTAINABLE DEVELOPMENT
  • FOOD
  • FOREST
  • ENERGY
  • WASH
  • LAND
  • OTHERS
    • FINANCE
    • HEALTH
    • OCEANS
    • TOP STORIES
    • MOST POPULAR
    • COLUMNISTS
    • INTERVIEWS
    • OPINIONS
    • PHOTOS
    • VIDEOS
No Result
View All Result
Africa Climate Reports
No Result
View All Result

Zambia receives €17m EU grant to improve public finance

by editor
April 12, 2018
in FINANCE
0
Home FINANCE
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
President of Zambia, Edgar Lungu
President of Zambia, Edgar Lungu

The EU on Wednesday signed a 17 million Euros (21 million dollars) financing agreement with the Zambian Government aimed at helping the southern African nation strengthen its public finance management system.

The support is for a programme on Effectiveness and Transparency in Management of Public Resources (EFFECT), a five-year programme that will help the country to improve public finance management.

Funded under the 11th European Development Fund, the programme will contribute to the improvement of planning, budgeting and budget implementation by the Zambian Government.

It will also improve capacities of oversight on public institutions and support the country’s revenue agency in its efforts to modernise revenue collection processes to ensure that the tax system is simpler and ensure expanded tax compliance.

RelatedPosts

COP29: Why Climate Finance is top of agenda for Africa

AGN vows to Fight Decision to host The Santiago Network On Loss And Damage in a Developed Country

“The programme we are launching reflects the EU approach “collect more-spend better,” intended to reinforce governance, raise the revenue collection, and improve the quality of spending,” EU Ambassador to Zambia, Alessadro Mariani, said during the signing ceremony.

According to him, the programme also reflects the need to strengthen fiscal transparency and accountability through effective oversight of the country’s budget in all its phases.

The programme will address some of the key challenges Zambia is facing in the field of public finance management, which in turn are critical for sustained inclusive growth, he added.

While acknowledging reforms in recent years, the EU noted that Zambia still faces major challenges in the field of public finance management.

Fredson Yamba, the Secretary to the Treasury thanked the EU over its support to Zambia especially in the area of good governance.

The government, he said, has remained committed to enhancing sound public financial management systems and good governance as demonstration through the implementation of various public finance management reforms.

He, however, said recent revelations in the Auditor-General’s report have exposed inadequacies in the management of public finances and reveal that government’s overall control systems still require further strengthening.

According to him, the EU support will complement government’s efforts to improve prudent use of public resources and ensure accountability.

Tags: EUFinanceZambia
ShareTweetSendShare
editor

editor

Related Posts

COP29: Why Climate Finance is top of agenda for Africa
CLIMATE CHANGE

COP29: Why Climate Finance is top of agenda for Africa

November 14, 2024

COP 29's Opening Ceremony in Baku By Kofi Adu Domfeh Another round of climate change talks is underway in Baku,...

AGN vows to Fight Decision to host The Santiago Network On Loss And Damage in a Developed Country
CLIMATE CHANGE

AGN vows to Fight Decision to host The Santiago Network On Loss And Damage in a Developed Country

July 1, 2024

AGN Chair, Ali Daoud Mohamed The African Group of Negotiators on Climate Change (AGN) has expressed displeasure on the decision...

Next Post
A watchful new year under infernal oil pipes of the Niger Delta

Water/sanitation, albinism in Nigeria receive €956,000 EU boost

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Renforcement des capacités des producteurs de riz : un pas décisif vers la sécurité alimentaire

Côte d’Ivoire targets Food Security through Capacity Development for Rice Farmers

2 weeks ago
Renforcement des capacités des producteurs de riz : un pas décisif vers la sécurité alimentaire

Renforcement des capacités des producteurs de riz : un pas décisif vers la sécurité alimentaire

2 weeks ago
L’Afrique Renforce la Filière Rizicole avec la Deuxième Session du Programme de Formation des Professionnels du Riz

Africa Strengthens Rice Value Chain with Second Session of Rice Master Training Programme

3 weeks ago
L’Afrique Renforce la Filière Rizicole avec la Deuxième Session du Programme de Formation des Professionnels du Riz

L’Afrique Renforce la Filière Rizicole avec la Deuxième Session du Programme de Formation des Professionnels du Riz

3 weeks ago
Mining Communities Urge Community-Led Path in South Africa’s Energy Transition

Mining Communities Urge Community-Led Path in South Africa’s Energy Transition

3 weeks ago
Beninese Rice Farmers hail Climate Resilience and Regenerative Agriculture  at Mega Field Day

Beninese Rice Farmers hail Climate Resilience and Regenerative Agriculture at Mega Field Day

1 month ago

Popular News

    Social Media

    ABOUT US

    Africa Climate Reports is Africa’s first and largest bilingual journal dedicated to opening new vistas in the coverage and reportage of climate change and the region’s environment. With a multi-lingual team of talented reporters from across the continent, we tell the African climate story in a refreshingly lucid, communally engaging and technically robust manner.

    SITE LINK

    • About
    • Advertise
    • Careers

    OTHER LINKS

    • About
    • Become a Climate Reporter
    • Send Us Your Report
    • Submit A News
    • Support Us
    • Privacy Policy
    • Contact Us

    NEWSLETTER

    Be the first to get notified when we have something new to share. Get Africa Climate Reports newsletter directly into your email.
    we promise not to spam you!
    • About
    • Advertise
    • Careers

    © 2024 All Rights Reserved- Africa Climate Report - Designed by Prexy

    No Result
    View All Result
    • HOME
    • CLIMATE CHANGE
    • SUSTAINABLE DEVELOPMENT
    • FOOD
    • FOREST
    • ENERGY
    • WASH
    • LAND
    • OTHERS
      • FINANCE
      • HEALTH
      • OCEANS
      • TOP STORIES
      • MOST POPULAR
      • COLUMNISTS
      • INTERVIEWS
      • OPINIONS
      • PHOTOS
      • VIDEOS

    © 2024 All Rights Reserved- Africa Climate Report - Designed by Prexy