Public investment board inaugurated

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National Development Planning Minister Alexander Chiteme has inaugurated a 13 member Public Investment Board  with a call on them to enhance transparency ,accountability and effectiveness in the utilization of public resources.

The Board which will be chaired by Deputy Secretary to the Cabinet finance and economic development Christopher Mvunga has its membership drawn from among permanent secretaries and representation from professional institutions.

Speaking during the inaugural meeting of the Public Investment Board, Mr. Chiteme says the board will oversee development projects to ensure that the projects are developed in line with the strategic objectives and priorities enshrined in the seventh national development plan.

Mr. Chiteme has explained that the board will be a gateway through which all public investment projects will have to pass before being considered for implementation.

The Minister adds that the Board will also provide for a transparent, objective and independent review of the public investment projects throughout the project development process.

Mr. Chiteme says this is part of the measures to address fiscal and debt challenges.

Among those inaugurated include Ministry of Housing and Infrastructure Development Permanent Secretary Charles Mushota, Local Government Permanent Secretary Eddie Chomba, Ministry of Finance Permanent Secretary for Budget Economic Affairs, Ministry Of National Development Planning for Development Planning and Administration Chola Chabala among others.

Ends.................

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