Tue, 06 Dec 2022

LUSAKA, Nov. 22 (Xinhua) -- Zambia on Tuesday launched the risk management guidelines aimed at curtailing risks and promoting accountability in the management of resources in the public sector.

Situmbeko Musokotwane, the Minister of Finance and National Planning said during the launch that the guidelines are aimed at enhancing transparency, accountability and good governance in the management of public resources.

He said that the fact that the public sector was not immune to risks that may occur in the economy entails the need to have risk management guidelines to mitigate the negative effects.

The guidelines should help public institutions achieve their objectives and mandate of providing quality, efficient and effective services, he said, adding that the public institutions should adopt and implement them.

"The guidelines provide detailed guidance on implementing and integrating effective risk management in the public sector. Risk management must become an integral part of all programs and projects at all stages of planning, budgeting, implementation, monitoring and evaluation," he said.

The minister further said the launch of the guidelines was a landmark towards the advancement of good governance systems amid a variety of complex and challenging events that the public sector faces.

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