Economics Association cautions Zambia over IMF

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Government has been cautioned against accepting any International Monetary Fund (IMF) bailout that will be at variance with the country’s Seventh National Development Plan (7NDP).

The Economics Association of Zambia (EAZ) is advising government to ensure whatever bailout it agrees to is one that creates a path for economic recovery in the short term.

EAZ president Chrispin Mphuka says this is because any bailout programme that completely disrupts the economy to achieve low inflation and high growth will only bring social problems to Zambia.

Dr. Mphuka has told Qfm News that this entails that whatever IMF bailout programme government agrees to should help achieve fiscal discipline.

He however, states that the EAZ anticipates that a bailout from the IMF to achieve fiscal prudence will nevertheless have its own demands.

Dr. Mpuka says his association foresees the IMF demanding that government puts caps on wages and employment in the public service.

He further states that his association also expects to see some structural reforms with some government parastatal being possible targets.

 

QFM

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70 COMMENTS

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  2. Hh has broken the record the first politician in the history of Zambia to fail election five times, what a Shame no wonder his followers are furious n devastered this is too much it’s strange it’s an embarrassment

  3. Congratulations to his excellence Edgar c.lungu 4 winning de elections 4 we know dat peace & hardworking will continue in our country.we giv glory 2 God 4 giving us such a humble & lovely leader may u leave long .

  4. Yes let them petition.
    A decent loss is what zambia needs not corruption
    Oh pipo want evidence
    How about the man who ended it all upon realizing tht his deeds made him dirty inside
    Tht man’s death is a curse on pf and ecz
    Which subsquently will be a curse on zambia

  5. Let him petition! His worry is about how to pay back his sponsors Anglo American, in excess of USD38m. Elyo shingi! He wanted Zambians to pay for him upon being elected. Akagulitse chabe ma animals yakhe nobwedza nkhongole.

  6. Pipo of Zambia honestly speaking can Mr HH go 4 petition without clear evidence let’s wait nd c Wat we happen n the constitutional court amended that was signed by Mr lungu same few months ago,not o minds ar corrupt

  7. God is God,what he writes no one can delete. What he does,no one can undo. It was written before we were even born that ECL will be the President of Zambia,the terms he will serve and no man or devil can change that which was destined to be. Petitioning or whatever they that are oppossing God want to do is a shear waste of time and money. You can’t fight God and expect to win. The best is to accept and move on. The finger of God has written,its done . Its only one President at a time. All those that applied for presidency and have not been selected,its not your time and maybe you are even just forcing yourselves. Your ambitions are not in line with Gods will for your lives. Revisit your lives.

  8. life you score 47000 and you friend 5000 you smile abt, you again score 30000 thousand n your friend 200 it’s all smile, and in Livingston all the seats for councilors, mp and mayoral upnd no petition bt what’s wrong with pf finding those votes in lsk, koma muntu chabe

  9. seriously what kind of change are we talking about anyway? its not like hz going to build da newyork bridge or make zambia a super power, in five years.ati petition hahaha chimubabe season.

  10. UPND guys lusaka is full of many from provces bembas tongas easterns lozis now honestly if pf wins all the mps u expert people to vote no to EL bt yes to his mps

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