Govt remains focused on strong macro-economic policies

Government has re-assured the nation, investors and cooperating partners that strong macro-economic policies underpinned by the need for high sustainable growth, creating jobs and reducing poverty, will remain its focus.

Secretary to the Treasury Fredson Yamba has stated that the country’s economic policies will continue to be sound irrespective of who takes office following the demise of President Michael Sata.

Mr Yamba said in a statement released to ZANIS in Lusaka today that this was on account of a strong bedrock upon which the economy is based.

He stressed that there is no disagreement amongst the citizens on where the country is and where it is heading in terms of economic development.

The Secretary to the Treasury said this consensus will provide stability in terms of economic management going forward.

Mr. Yamba has since appealed to all economic players to remain calm as they execute their business activities and to desist from speculative tendencies that may cause instability in the economy.

He assured that Government has put in place stringent measures to ensure smooth operations and safety of public resources and assets adding that Government will honor all domestic and international obligations, contracts, agreements and relationships.

He said government will also remain amenable to external reviews from rating agencies and surveillance from international organizations such as the International Monetary Fund and further fostering its relations with other multilateral institutions and cooperating partners.

Mr. Yamba stated that dialogue on important national issues that border on the economy will be encouraged and accommodated.

He reminded the world that when Zambia lost its then sitting President in 2008, the citizens handled the affairs of the nation with firmness, maturity and unity.

Mr. Yamba said there is therefore no basis for panic by any economic players both foreign and domestic as the situation will be handled with greater firmness, maturity and unity.

Zambia lost its President Michael Sata on Tuesday, October 28, 2014 barely few days after celebrating its Golden Jubilee.