Situmbeko Musokotwane

Dr. Situmbeko Musokotwane has been the Minister responsible for Finance and National Planning since August, 2021. As the Minister of Finance and National Planning, he is at the forefront of Zambia’s economic transformation agenda which has decentralised resources, bringing them closer to local communities, ensuring that development is taken to all parts of our country. At the end of 2021, he successfully led discussions for Zambia to reach a Staff Level Agreement with the International Monetary Fund under the Fund’s Extended Credit Facility which envisages the provision of financial support to Zambia amounting to US$1.4 billion. In September, 2021, he assumed the presidency for the East and Southern Africa Anti-Money Laundering Group (ESAAMLG), a position he will serve in until September, 2022. The Minister has also led the development of Budget 2022 which laid the foundation for many social and economic reforms the country is currently implementing. suring that development is taken to all parts of our country. At the end of 2021, he successfully led discussions for Zambia to reach a Staff Level Agreement with the International Monetary Fund under the Fund’s Extended Credit Facility which envisages the provision of financial support to Zambia amounting to US$1.4 billion. In September, 2021, he assumed the presidency for the East and Southern Africa Anti-Money Laundering Group (ESAAMLG), a position he will serve in until September, 2022. The Minister has also led the development of Budget 2022 which laid the foundation for many social and economic reforms the country is currently implementing. Between 1995 and 2011, Dr. Musokotwane served in various senior positions in Government institutions. During discussions around the Highly Indebted Poor Countries (HIPC) debt relief process, he served as Economic Advisor to the Minister of Finance. He has also held the following positions of Deputy Secretary to the Cabinet for Finance and Economic Development, Secretary to the Treasury, Economic Advisor to Zambia’s third Republican President, and Minister of Finance and National Planning for Zambia. Throughout his career he also held senior positions at the Bank of Zambia where he served as Advisor to the Bank Governor, Director for Economics, Director for Financial Markets and Deputy Governor. While at the Bank of Zambia, he facilitated the re-introduction of Treasury Bills and Government securities auctions in Zambia, along with the introduction of Open Market Operations. Dr. Musokotwane has also authored and co-authored published works in monetary economics and worked as a lecturer of Economics at the University of Zambia. In addition to his duties as the Minister of Finance and National Planning, he serves as Member of Parliament for Liuwa Constituency, Western Province of Zambia, a portfolio he has held since September 2011. He is the Chairperson for Economy and Finance Affairs in the ruling United Party for National Development (UPND). Dr Musokotwane holds a Bachelor of Arts Degree in Economics, a Master of Arts in Monetary Economics and a Doctorate in Monetary Economics.