Situmbeko Musokotwane
Minister of Finance and National Planning, Republic of Zambia
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Dr. Situmbeko Musokotwane has been the Minister responsible for Finance and National Planning since August 2021. As such, he is at the forefront of Zambia’s economic transformation agenda which has decentralized resources, bringing them closer to local communities, ensuring that development is taken to all parts of the country. In addition, he serves as Member of Parliament for Liuwa Constituency, Western Province of Zambia, a position he has held since September 2011.Read more
Dr. Situmbeko Musokotwane has been the Minister responsible for Finance and National Planning since August 2021. As such, he is at the forefront of Zambia’s economic transformation agenda which has decentralized resources, bringing them closer to local communities, ensuring that development is taken to all parts of the country. In addition, he serves as Member of Parliament for Liuwa Constituency, Western Province of Zambia, a position he has held since September 2011. He is the Chairperson for Economy and Finance Affairs in the ruling United Party for National Development (UPND).
At the end of 2021, he successfully led discussions for Zambia to reach a Staff Level Agreement with the International Monetary Fund (IMF) under the Fund’s Extended Credit Facility which envisages the provision of financial support to Zambia amounting to $1.4 billion. In September 2021, he assumed the presidency for the East and Southern Africa Anti-Money Laundering Group (ESAAMLG), a position he served in until September 2022. The Minister 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: 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. During discussions around the Highly Indebted Poor Countries (HIPC) debt relief process, he served as Economic Advisor to the Minister of Finance.
In his previous position at the Bank of Zambia, 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. He has published works on monetary economics and worked as a lecturer of economics at the University of Zambia.
Dr. Musokotwane holds a Bachelor of Arts in Economics, a Master of Arts in Monetary Economics, and a Doctorate in Monetary Economics.
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