Speaker of the National Assembly of Zambia, Right Honourable Ms Nelly Butete Kashumba Mutti, SC, MP, FAPRA has assumed the Presidency of the Forum of Parliaments of Member States
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Parliamentarians vote to increase External Loans
On Thursday, 25th June, 2015 an Order was read for resuming the debate of 24th June, 2015 where the Minister of Finance moved a motion and proposed that, in terms of Section 3 of the Loans and Guarantees (Authorization) Act, Chapter 366 of the Laws of Zambia, the House authorize the Minister of Finance to increase, by Statutory Instrument, the amount outstanding at any given time on External Loans from thirty-five billion kwacha to sixty billion kwacha.
The housed subsequently divided and voted as follows
AYES - 74
NOES - 41
ABSTENTIONS - 01
The Question on the Motion was accordingly resolved in the affirmative.
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