The African Development Bank Group’s Board of Directors has approved a $108 million loan to Zambia to enhance the nation’s economic governance and implement reforms in essential public sectors.
This funding will facilitate the Fiscal Sustainability and Economic Resilience Support Programme, a crucial component in efforts to create a robust and diversified economy in Zambia.
The programme aims to increase domestic revenue generation by supporting various initiatives, including the introduction of an electronic “smart invoice” system, registering 12,000 VAT-liable taxpayers, and Zambia’s participation in the Global Forum on Transparency and Exchange of Information for Tax Purposes….
