Zambia - Capacity Enhancement for Public Finance and Economic Management Project (CEPFEM) (AFDB-P-ZM-KF0-003)

Countries
  • Zambia
Where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Apr 30, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Zambia
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 11.11 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Sep 11, 2020


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Project Description

According to bank documents, the proposed project is an institutional support for capacity building, designed to build on the achievements of the multi-donor Public Financial Management Reform Programme (PFMRP) in Zambia. The project is strongly anchored on county's 7th National Development Plan 2017-2021 (7NDP). It aims at contributing to consolidating economic reforms through human and institutional capacity strengthening, ultimately leading to improved macroeconomic performance. The project has three mutually reinforcing components: (i) Enhancing debt management and fiscal stability; (ii) Enhancing capacity for economic planning, Monitoring & Evaluation and statistics; and (iii) project management. The focus on strengthening macro-fiscal and debt management capacity will help to enhance macroeconomic stability, which is an enabler for private investments and hence complements the Bank's financial sector interventions in Zambia. The project will be implemented over the period 2019-2022 with an estimated total cost of the project, net of taxes and duties, is UA 8.89 million (including 10% Government contribution).

The goal of the proposed project is to unlock Zambia's economic growth potential through improved capacity to manage public resources. The specific objective is to strengthen institutional capacity in macro-fiscal and debt management, development planning, M&E and statistics.

Investment Description
  • African Development Bank (AFDB)
Contact Information

KOMA Baboucarr
b.koma@afdb.org 

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/