Situmbeko Musokotwane (born 25 May 1956) is Zambian politician and economist serving as the Minister of Finance of Zambia since 2021; he is also the Member of Parliament for Liuwa. Prior to his appointment he served as Minister of Finance from 2008 to 2011 under

Rupiah Banda Rupiah Bwezani Banda (19 February 1937 – 11 March 2022) was a Zambian politician who served as the fourth president of Zambia from 2008 to 2011, taking over from Levy Mwanawasa, who died as the sitting president. Banda was an active participant ...

Education and career

Musokotwane is PhD holder in

Monetary Economics Monetary economics is the branch of economics that studies the different competing theories of money: it provides a framework for analyzing money and considers its functions (such as medium of exchange, store of value and unit of account), and it ...

obtained from the

Konstanz University The University of Konstanz (german: Universität Konstanz) is a university in the city of Konstanz in Baden-Württemberg, Germany. Its main campus was opened on the Gießberg in 1972 after being founded in 1966. The university is Germany's ...

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...

. In 1988 he founded an agri-business one of Zambia’s largest dairy farming operations. He has also acted as an alternate

Governor A governor is an administrative leader and head of a polity or political region, ranking under the head of state and in some cases, such as governors-general, as the head of state's official representative. Depending on the type of political ...

at the

IMF The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster globa ...

African Development Bank The African Development Bank Group (AfDB) or (BAD) is a multilateral development finance institution headquartered in Abidjan, Ivory Coast, since September 2014. The AfDB is a financial provider to African governments and private companies i ...

, and the

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Interna ...

. He introduced the central bank in Zambia to

Open market operations In macroeconomics, an open market operation (OMO) is an activity by a central bank to give (or take) liquidity in its currency to (or from) a bank or a group of banks. The central bank can either buy or sell government bonds (or other financial as ...

and the re-introduction of Treasury Bills and Government securities auctions in Zambia. As Finance Minister he was active in the promotion of Zambia as an investment destination which brought a 7.6% growth in Zambia’s economy and generated US$6 billion over a 3 year term.

References

External links

National Assembly of Zambia profile
Living people 1956 births Finance Ministers of Zambia Members of the National Assembly of Zambia United Party for National Development politicians Zambian economists University of Konstanz alumni University of Zambia alumni {{Zambia-politician-stub