Minister of Finance Alexander Chikwanda has arrived in Washington DC to attend the 2016 World Bank/ International Monetary Fund (IMF) Spring Meetings.
This is according to a press statement released to the media by Patricia Littiya , the First Secretary for Press and Public Relations at the Zambian Embassy in Washington USA.
Mr Chikwanda who arrived at Dulles International Airport in Washington DC, USA was met by Deputy Chief of Mission at the Embassy of Zambia Mr. Joseph Chilaizya.
The Minister is expected to engage in high-level meetings under the Africa group 1 Constituency consisting of Botswana, Burundi, Eritrea, Ethiopia, The Gambia, Kenya, Lesotho, Liberia, Malawi, Mozambique, Namibia, Rwanda, Seychelles, Sierra Leone, Somalia, South Sudan, Sudan, Swaziland, Tanzania, Uganda, Zambia and Zimbabwe.
Mr.Chikwanda is also expected hold several strategic meetings with key stakeholders on the sidelines of the meetings. Among them will be a meeting with World Bank’s Vice President for its Africa region Makhtar Diop.
The Minister who is accompanied by Secretary to the Treasury Fredson Yamba and Bank of Zambia (BOZ) Governor Dr. Denny Kalyalya is also expected to meet with US Treasury Deputy Assistant Secretary for Africa Eric Meyer. The Minister and his delegation are also expected to pay a courtesy call World Bank Executive Director Louis Rene Peter Larose and IMF Executive Director Chileshe Kapwepwe.
Later Mr. Chikwanda and his delegation are expected to meet with PTA Bank President Dr. Admassu Tadesse, IMF mission team and the Millennium Challenge Corporation (MCC).
Did I hear someone say fossil?
Yes – ancient, prehistoric!!
Why does this creature not retire and allow fresh, modern minds to run Zambia’s economic affairs???
Guys, I know that as a country, our economy is not doing great at the moment. Its very tempting government to seek for a bail out from IMF/World Bank. However, please dont do it. IMF and World bank will reap Zambia off of her minerals again. There are a lot of conditions that are attached to this bail out. Lets just endure for a couple of years or so and Zambia will be fine again.
tempting for government to seek..
Here is proof:
According to a report by Action for Southern Africa (ACTSA), Christian Aid, and Scotland’s Aid Agency entitled, “Undermining development, Copper mining in Zambia” dated October 2007, Nawakwi – who is Forum for Democracy and Development president – admitted that the International Monetary Fund (IMF) and the World Bank told the Zambian government that copper prices would never increase, hence they should privatize the mines.
“Privatisation of ZCCM (Zambia Consolidated Copper Mines) was a condition repeatedly attached to several loans from both these institutions (IMF and World Bank) and was a pre-condition for Zambia to qualify for debt relief through the Highly Indebted Poor Countries (HIPC) initiative. In 1999, with the Zambian government still reluctant to privatise…
contd..
In 1999, with the Zambian government still reluctant to privatise ZCCM, major donors withheld some US $530 million in aid until the government conceded,” the report revealed….
Simply put, he has gone borrow on behalf of government to increase the Zambian indebtedness to the international lenders.
“Yes – ancient, prehistoric!!
Why does this creature not retire and allow fresh, modern minds to run Zambia’s economic affairs???”
Because so-called modern minds like you Suntwe are actually primitive and can offer nothing but idi0cy. Look at your man, the Un Patriotic NeanDerthal, HH: a political fossil and a disaster who lacks a pragmatic approach to politics. What leadership can he offer with GBM as his mentor?
this is the man who has managed to wreck the economy twice in his life time and send many to early graves while enjoying a long life of comfort.
The fossil has gone to do what he does best begging..with no shame!!
Mwebantu it will be political risks and geopolitics at the centre of the discussion and the global risks in GDP numbers
The discussion of trump as a US President appears centre stage including the departure of Miguel of Germany
Global risk ,Geopolitics and Political outlooks for the developed will be key discussion
Chileshe Kapwepwe the incoming Vice President for Zambia
time to change his title to minister of nkongole(debts) and deals…I only see him on debt signing ceremonies and busy formulating SIs to suit his business interest…
I hope they have not gone to lobby for another loan. One good thing I can say about Hon. Chikwanda is that he’s not a frequent traveler,so this must be a very important trip for him.
Denny Kalyalya, Fredson Yamba and team should pack the fossil in a pub with a bottle of whiskey and then proceed with serious business without him. Half the time the old drunk is busy parroting economic terms he hardly understands.
This fossil is petrified of HH because he knows that he will not enjoy the spoils of his loot as he will be in the docks from August 2016,Good luck!