Zambia - Capacity Enhancement for Public Finance and Economic Management Project (CEPFEM)


Project Summary

Approval Date 30 Apr 2019
Signature Date 20 Mar 2020
Planned Completion Date 30 Jun 2023
Last Disbursement Planned Date 31 Dec 2022
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 15124
Commitment U.A 8,000,000
Status Approved

Project General Description

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).

Project Objectives

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.

Beneficiaries

The potential direct beneficiaries will be the key institutions responsible for public finance, economic management, development planning and statistics. These are the Ministry of Finance (Investment and Debt Management Department, Economic Management Department, Revenue Policy Department), Ministry of National Development Planning (M&E Department, Development Cooperation Department, Public Investment Planning Department), Ministry of Gender & Development, Office of the Auditor General, Central Statistics Office, and Zambia Revenue Authority. The private sector will also benefit from a more favorable business climate, through support to PPP and improved macroeconomic performance. The indirect beneficiaries are the entire population, through enhanced development outcomes, which will translate into inclusive growth and improved service delivery.

Participating Organization

Funding
African Development Fund
Implementing
MINISTRY OF FINANCE AND NATIONAL PLANNING

Information

IATI identifier 46002-P-ZM-KF0-003
Last Update 28 Oct 2020

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Contact Details

Name KOMA Baboucarr
Email b.koma@afdb.org

Geographic Location

Country Zambia