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The International Monetary Fund said on Tuesday (January 10) that corruption had driven up the cost of a number of high-profile tenders and infrastructure projects in Zambia.
At the request of local authorities, the IMF’s Interagency Governance Diagnostics and Assessment Mission last year conducted a study focused on governance and corruption vulnerabilities.
The assessment revealed serious weaknesses across all state functions. However, particularly macroeconomic impacts were seen in areas such as public financial management, contract granting and management in the mining sector.
“The vast resources invested in infrastructure projects such as road construction, for example, have been plagued by corruption, especially in tender arbitrage where political ties have enabled members of the elite to bend the rules and access lucrative contracts. provided the way,” read the 96-page report.
Corruption was particularly institutionalized in the period 2016-2021, according to an IMF diagnosis.
Zambia’s current leader pledged in elections two years ago to show “zero tolerance” to corruption.
Hakainde Hichilema’s first targets were members of his predecessor’s government.
However, many arrests resulted in bail and the defendants denied the charges.
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