By CINDY CHABALA
ECONOMIC expert Yusuf Dodia has urged Dr Situmbeko Musokotwane, the Minister of Finance and National Planning to provide an update on the progress of the Export Proceeds Tracking framework which was set to be implemented on January 1, 2024.
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In an interview with Millennium TV News, Mr. Dodia mentions that there hasn’t been any official announcement or comments regarding the implementation of the framework.
He explains that during the Minister of Finance’s press briefing on the provisions of the 2024 national budget for the New Year, everything was covered except for the export proceeds tracking framework.
He says in the presentation, he covered revenue and expenditure but didn’t address the framework that people have been eagerly anticipating to see how it will be implemented.
Mr. Dodia mentions that some people have studied Zambia’s export values, noting that mineral exports amount to 30 to 40 million US dollars daily.
He emphasizes that if this continues from January 1, 2024, significant earnings can be generated in just 10 days, and people should be aware of this potential.
He says the matter hasn’t been discussed and wonders if the nation has either failed to implement the framework or reconsidered its decision.
He believes this initiative is a game-changer that can boost the economy, leading to increased funds for banks and the ability to lend more to the public.
He strongly urges the government to share information about the framework, as it would greatly benefit the country’s economy.
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