Following elections, which we believed set a strong example within the Southern African Development Community, Zambia has continued to enjoy political stability. Underpinning this is Zambia’s continued strong economic performance. In their 27 December 2006 report, the International Monetary Fund forecast a solid 6 per cent. growth for 2006, with an outlook of 7 per cent. for 2007. The 2007 Budget speech contained a useful restatement of the Government’s commitment to sound macroeconomic policies and fiscal discipline.
President Mwanawasa has also targeted corruption as a key Government priority. The 4 May judgment by the London High Court against former President Chiluba in a civil case brought before it on behalf of the Zambian Attorney-General was a historic event. It sends a powerful message in Zambia, but with a resonance beyond, that plundering a nation’s resources will not be tolerated. We look forward to the money being returned to the Zambian people.