‘Export framework to curb K1bn annual leakages’
Published On October 4, 2023 » 918 Views» By Times Reporter » Business, Stories
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. Chipimo

By ANDREW MULENGA –
THE Bank of Zambia (BoZ) says the implementation of the Export Proceeds Tracking Framework (EPTF) in January 2024 as announced in the National Budget, will curb K1 billion annual leakages from export earnings.
Deputy BoZ Governor Francis Chipimo said the tracking framework would fully operationalise the electronic Balance of Payment (e-BOP) monitoring system and subsequently close all the information gaps.
In a presentation delivered at the 2024 National Budget Symposium on Monday, Dr Chipimo explained that under this framework, all export earnings would be required to reflect in an account at a bank domiciled in Zambia.

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