Government and institution measures in response to COVID-19.
Government and institution measures in response to COVID-19.
Return to homepage | Last updated: 15 April, 2020
Zambia has predominantly focused on putting up a range of measures to contain the spread of the pandemic within the Zambian economy. The Government through the Ministry of Finance has proposed a number of measures which include among others: Set up an Epidemic Preparedness Fund under the Ministry of Health amounting to K57 million; Cabinet approved a COVID-19 Contingency and Response Plan with a budget of K659 million under the Disaster Management and Mitigation Unit; and the Government has started mobilizing funds through the budget and engagement with various local and international stakeholders.
Click here to see a comprehensive summary of jurisdictional tax measures and government reliefs in response to COVID-19.
Government through the Central Bank announced a number of measures to encourage the use of digital financial services. The measures include:
Government is expected to issue a Statutory Instrument for Classification and Provisioning of Loans Directives to encourage financial service providers to provide relief to the private sector and facilitate long term lending to productive sectors of the economy.
Risk Management: Jason Kazilimani – jkazilimani@kpmg.com
Tax and Legal: Michael Phiri – mphiri@kpmg.com