Economics Association cautions Zambia over IMF

69

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

RELATED ARTICLESMORE FROM AUTHOR

69 COMMENTS

  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

  4. Mwachepa. Manje ale use chitulika formula NayoNayo 5yrs wil giv me knowledge about CNN counter nega nega

  9. chakolwa to God fear ing soul how wonde rful is the lord. lungu never thought nor dream of been the president but by the power of our lord has been chosen.

  15. 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 .

  16. Let him petition he has the right to know the truth.even those who have doubts will have peace.where is nevers Mumbai aka Zambia shall be saved.

  18. 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

  27. God blesses hubble pipo hubble yoself and God wil lift u high .God has blessed mr edgar lungu humble man God fearing man.

  31. 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.

  33. 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

  35. 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.

  38. The gud part is u can’t question God, wat He has done He has done, better luck next time but maybe with others standing on that party

  39. I see a better zambia the work he had done far before the elections is huge in a short period of time….This is the guy Zambia nation needed!!#

  41. 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

  42. 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.

  43. Just accept defeat and carry on contributing to the national development. Better luck next time!

  44. Nathan & Ben,
    Your observations are just wonderful but unfortunately UPND is intent on making Zambia un ungovernable.
    It is not about challenging with intent to govern.

  45. 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

  48. Let them go ahead it is their constitutional; but it is not possible to win an election in three provinces out of ten

LEAVE A REPLY