Development partners have today unanimously backed the steps being taken by government to engage the International Monetary Fund [IMF] and implement a home grown stabilisation and growth programme , Zambia-Plus.
The development partners have also appealed to various wings of government to speak with one voice on socio-economic development matters.
Cooperating Partners Group Chairperson David Wiking, who is also the Swedish Head of Cooperation, says the partners were grateful that the Zambian government had continued with the spirit of dialogue.
“It is important for us to have a clear understanding of the extent to which Zambia’s engagement with the IMF has progressed,” said Mr. Wiking, adding that, “we appreciate being part of the process of the country’s development.”
He said this when the Minister of Finance Felix Mutati briefed the partners on the country’s engagements during the recently held Spring Meetings of the IMF and World Bank in Washington DC,
The Cooperating Partners Group Chairperson added that, “Development Partners are grateful for the transparency shown by the Zambian government not only in the formation of a home grown stabilisation and growth programme and but also in the way stakeholders have been informed and engaged,” and concluded that, “we will follow the GRZ/IMF talks closely.”
Speaking at the same function, Mr Felix Mutati affirmed that development partners were a critical component in the implementation of Zambia’s economic stabilisation and growth programme.
“Dialogue and engagement remains a central pillar in the process of economic governance and we will continue to dialogue with all interest groups such as the private sector, civil society, academia, and ordinary Zambians in order to crystallize the local ownership of the stabilisation and growth programme,” said the minister.
“We are on track in our negotiations with the IMF,” said Mr. Mutati , adding that, “we are gaining momentum and traction on various aspects of engagement including the type of support for the 2017 budget and for our development plans from your our development partners.”
The Minister has attributed the positive sentiments from the development partners to the fiscal prudence and economic-governance measures which the government has instituted.
Through these measures, said Mr. Mutati, “our goal is to optimize the efficient utilization of tax payers’ money so as to improve public service delivery and create an environment in which profitable and sustainable local and foreign investments will be trebled,” he also added that, “this is one way in which the government’s job creation and poverty reduction objectives will be met.”
Meanwhile the Lusaka Circuit of the GRZ/IMF engagement will reconvene at the end of May, 2017. Last month, a Zambian delegation participated in the Washington Circuit of the IMF/GRZ talks on the sidelines of the 2017 IMF/World Bank Spring Meetings held in the capital of the United States of America.
Zambia hopes to get on an IMF supported programme by the third quarter of 2017.
This is according to a statement signed by the Ministry of Finance Public Relations Manager Chileshe Kandeta.
Fikkala fyabo
Media briefing after media briefing without any tangible results. Ministry of Finance Public Relations Manager Chileshe Kandeta and Mutati are just media savvy; just good at talking.
In simple Zambian English;
IMF are very happy with zambia’s Government as a result IMF are ready to borrow zambia a lot of money
Having achieved my PhD I hope my statements add more credence than others
Thanks
BB2014,2016
Mushota it’s not “to borrow Zambia money” you say, “to lend Zambia money”
Tell that to HH and all his incarcerated personalities
Yeah , a kantemba PHD in nonsense and bad grammar.
It means Zambia is on sale and the highest bidder gets it, in this case, IMF and developed countries who have stakes in IMF.
I believe in President Lungu but not malleable to this kind of adverse policy shifts. There is nothing to appreciate in this whole theater of compounding debt silos when the country’s economic leverage is all, but being surrendered in our eyes as if the 50 plus years has not produced sophisticated sons and daughters. We are mortgaging the country unwittingly. Everything of and about Zambia is now in debt stocks. Tell me how you can developer when every income is set for debt repayment? Economic hitmen flatters us with praises, and we get excited like retards. Chagwa needs to be careful with some of these agents of foreign interest driving inimical agenda in his cabinet.
Everything of and about Zambia is now in debt stocks. There nothing about home grown solutions when the lender has the leverage over your economy. IMF funds are not freebies that rain without conditionalities. Read and watch again, “the economic hitmen”. Zambia need to redeem herself from this self destructive path. Just how far can we go as a people in collaborating with economic hitmmen schemes of destroying our own country?
The uncontrolled loans PF is getting is tatamount to economic slavery.
– KK is remembered for uniting the country & One-party dictatorship
– FTJ is remembered for theft & multi-party democracy
– Mwanawasa is remembered for making the country debt-free, fixing the economy & leaving $Billions in treasury.
– RB is remembered for theft through his sons
– Sata is remembered for bringing chinese & starting the road construction projects
– What will lungu be remembered for?
1) Destroying the economy, looting of treasury & borrowing of $10 billion
2) Bringing back IMF
3) Violent cadres
4) Killing media freedom
5) Taking away rights to assembly, free speech
6) Theft – (wait soon when the evidence of their plunder is revealed)
7) Tribal politics
8) Brutalizing opposition
9) Mocking God
Cont’d…
10) Brutalizing citizens with PF cadres in Police uniforms
11) Election rigging
12) Destroying all the pillars of democracy including judiciary
13) High youth unemployment
14) Drunkardness
15) Defrauding a neighbouring country of relief maize
16) Love for traveling out of the country
17) chipant-pante foreign policy
18) Love for dictators
19) Surrounding presidency with thugs like Kaizer & low caliber people like Mumbi phiri & Fr.Bwalya
20) Being Vision-less & lazy
Petitions have been fired off to the IMF and other countries forigne aid officers because we know lungu will use their money to further erode democracy in Zambia.
A PhD in Erections does not mean grammar also improves. @Mushota proposes that IMF should “borrow Zambia a lot of money”. Is this komboni Bemba English?
Who are these Development partners? Cross check with IMF members its the selfsame countries. This IMF stooge Mutati will not sleep as he can think without loans!!
My view on how the IMF sustains itself is through taking of resources from the poor nations to peddle to rich nations cheaply then lending the gains at a cost to the same poor poor nations with conditions laid out by the rich nations!
@Fumanchu, you are correct. But understand that the poor countries voluntarily hand over their resources to the rich countries. And to whet your curiosity, do you know where most of the $10 billion that PF has blown since 2011 on PFake infrastructure projects is right now? The answer is in China and offshore bank accounts. The West and China will send some of that money back to Zambia and we will be very grateful for their “assistance” through the IMF!
Of course there are happy we back to getting loans from them. Their customer is back.
IMF has NEVER helped any country in this world.
These cooperating partners are like guy who escort his friend who is interested in getting into a girls underwear. So he is saying nice things about the friend to the girl so she can say yes.
Don’t worry, we are very far from anything tangible. Mutati’s talking game has just managed to confuse the so called partners even more AND THEY are nowhere near giving the corrupt PF any money!! Look at what a Mr. Wiking, the leader of the uncooperative partners said:
“It is important for us to have a clear understanding of the extent to which Zambia’s engagement with the IMF has progressed.” So you can see that they don’t understand Mutaions because he talks too much – always changing statements!! Huh! Mutations please change your game!
@Lombe: totally agreed with you. The IMF cannot point to a single country that has developed from IMF interventions since it was set up in 1945. Western Europe, including Germany, were redeveloped through the separate Marshall Plan after the second world war. The IMF is only for third world countries.
@Chilyata: I was almost fooled by the headline. You are right that the “cooperating” partners are begging for clarity from Mutati about progress with the IMF. It looks like Mutati is blinding them with doublespeak in a cloud of confusion.
The bottom line is that, the so-called cooperating partners are saying that they will not be putting in any more serious money in Zambia (as if they previously did!) and they only hope that the IMF instead will bail out Zambia.
The IMF itself is deeply corrupt. They can never be trusted.
Normal people would be embarrassed to talk about their financial and moral bankruptcy publicly like this.
This is a self inflicted financial mess, I don’t think the IMF should entertain this “Delinquent” PF government. The IMF
money will be squandered like the Euro-bondage.
“Development Partners” – seriously? This is perjury.
LOL! Yes, Lungu will say it is TREASON!!
it leaves a bad taste in the mouth when you realise that your country is now at the point where they are working hard just to get audience with a lender of money. We should be talking about local industries being developed and improving our economy through self sufficent means. However we are merely discussing being broke with lender kikikikiki
Borrowing from IMF is not a very good move.Mr. Mutati should explain clearly the pay back, than just yapping in the media. These IMF people they ‘re not for any good for Africa please…???
Does Mutati really understand the way IMF operates? With gross Human Rights Violations Mutati expects IMF to loan Zambia money to intensify its repression of Lungu’s opponents. With HH and co-accused in Jail on trumped up Treason charges Mutati expects the IMF Money? Mutati and Lungu do not seem to know how best to access IMF Money. They think they can break the Rule of Law, ignore Constitutionalism, Good Governance and violate Human Rights and be rewarded with IMF Loans. That will not happen.If wishes were horses then we would all ride!
This visionless PF government is just too quick to enslave Zambia to money lenders .The euphemistic term “development partners” is just a sanitized alternative term for “IMF slave owners”
…eishhh, we need a donkey control in this country…we cant have donkeys sh*tting all over the place…this is pathetic…
The same money they want to get is the same money that pf caders are clobbering each other over.today marks chongo was clobbered badly at the airport over the sharing of money he was only rescued by police and this happened in front of the president
Are development partners same as IMF? This moron has lost his economic compass and he is trying so hard to please the vision less lot who don’t seem to have any bearing as to the direction of this economic quagmire. This doldrums that you misfits have plunged our economy into will be your red card out of governance. They are happy about what? poverty and incompetence? Mutati you are a shameless loser who must resign in national interest.
@Spaka like lilo:no petition from upnd can stop IMF and many other partiners from lending or giving Zambia money.your thinking is weird!!just today,Japan gave Zambia US$400 million grant to update some Lusaka clinics into First level hospitals.yesterday African Development Bank gave Zambia a US$50m loan to improve Fish farming,etc while HH is in jail.SO ITS FAVOUR AFTER FAVOUR!!!NO WEAPON FORMED AGAINST MOTHER ZAMBIA SHALL EVER PROPER!!!
You people in upnd must know that Zambia existed long before HH was born and it will exist years after HH is long gone!!!HENCE STOP MAKING HH AS OLPHA AND OMEGA FOR ZAMBIA!!!Zambia is bigger than ECL or HH,so stop wishing mother Zambia hell simply because HH is not the one in state house!!
As for IMF and other donors,please continue helping us poor…
Good luck on that one……read post #8 Chibwe, maybe you will understand the IMF better, Why do you think the IMF have not given mugabe anything??
Njimbu – Look at yourself bragging about loans ..its like a friend boasting about having so many credit cards yet he only pays minimum and the APR is ridiculous BUT then again this example might as well be written in Mandarin to you
IMF is not helping Zambia, they are selling it. Petition was for donor countries to tell them that Zambia is on the verge of collapse. There’s no democracy. Of course World bank and IMF are money making machines they don’t care about poor Africa
@ Njimbu
When did IMF become “development partner”? Please stop crapping in public. IMF is a LENDER OF LAST RESORT to failed economies.
Njimbu God speaks in many ways.The 50 million will be given to women in Muchinga,Northern ,Luapula and Eastern only they will chew the money no tangible progress.While God will empower the oppressed with rains with less resources they will keep prospering.One Zambia two Nations.
Your most valuable customer is a return customer. IMF is a reckless lender. We have travelled this road before. What home grown nonsense is this?
We Africans never learn from our history…yet we know every page in the ruthless King Jame’s Bible!!
“Emancipate yourselves from mental slavery.None but ourselves can free our minds”~ Bob Nesta Marley
Definitions
Donkey: one which celebrates and laughs at his compatriots that the IMF deal has collapsed only to turn 180 degrees in tears, made to swallow your words and shamelessly start insulting the same IMF that they are evil.
@Spaka like lilo:#8 is not Chibwe but Hachiibwe.no real Chibwe from the North can wish mother Zambia hell for the sake of HH-NEVER!!!i ready told “NO WEAPON FORMED AGAINST ZAMBIA SHALL PROSPER!!”
IMF HAS JUST SHAMED UPND,THATS WHY YOU ARE UPSET!!your Fred M’membe reported in his evil MAST NEWSPAPER that Zambia’s deal with IMF flops two weeks ago.unfortunately,the IMF team was in Livingstone a day after M’membe reported those lies.Hon.Felix Mutati confirmed few days later that IMF will 100% bailout Zambia in June,2017 to shame you devil worshippers in upnd!!i have called you in upnd devil followers because only a satan1c person can wish his country hell!!
BESIDES,NEVER COMPARE ZAMBIA TO ZIMBABWE BECAUSE NO NORMAL PERSON CAN COMPARE EDGAR LUNGU TO ROBERT MUGABE WHO HAS BEEN PRESIDENT…
ehehehe
don’t dance and sontapo yet, IMF has not agreed to given lungu the money to further erode democracy and brutalise the opposition….
@Njimbu, really pathetic comment that northerners cannot think independently, away from PF chaos and thievery. But you are absolutely right. I have been saying this for a long time right here.
Getting a loan from IMF makes Monkeys dance.We are back to our vomits.Mwanawasa and Magande demonstrated how to fight poverty by reaching HIPC completion point and we became free.The economy was growing at more than 7%back to RB,Sata and Lungu the economy is now growing at 2.8% and we are back with Arms up begging for IMF kaloba and you are happy ba swine.After chewing the Euro Bond.
Continue…
NO NORMAL PERSON CAN COMPARE PRESIDENT EDGAR LUNGU TO ROBERT MUGABE WHO HAS RULED ZIMBABWE SINCE 1980.MUGABE IS A DICTATOR LIKE HH WHO HAS ALSO BEING “CUUNDU CHAITWA(UPND)”S CHAIRMAN SINCE 2006 (that is more than 11 years) MINUS ANY CONVETION!!!maybe even Robert Mugabe is better because he allows convetions in his party Znu-PF unlike in HH’s upnd!!IF HH BECAME ZAMBIAN PRESIDENT,HE CAN BE LIKE JOSEPH KABILA OF DR.CONGO!!ZAMBIA MAY NOT HAVE ELECTIONS IN 10,15 OR 20YRS UNDER HH!!!
plus ZRA is collecting a lot of money via tax.but Zambia still needs to get some loans and grants to develop.upnd in power would do or need the same things to raise money for development!!!SO STOP PRETENDING GUYS!!
“…NO NORMAL PERSON CAN COMPARE PRESIDENT EDGAR LUNGU TO ROBERT MUGABE …”
Lungu is behaving exactly how Mugabe started off. Mugabe started by attacking and closing free press and started brutalising the opposition where they were not allowed co campaign or meet their supporters, just like how lungu is starting to act……I am sure the IMF can see the pattern.
His Grace Archbishop Telesphore Mpundu and the Catholic Bishops in Zambia just said that “Zambia is in all but designation a dictatorship”. Lungu never protested that assertion by the Catholic Bishops, he never said anything. That means he understood where he has taken Zambia.
Njimbu17 you stated correctly that hon Mutati stated in livingstone that imf money would come in june.
This statement says he is hopeful money will be there in third quarter of 2017. Which statement is true.
My understanding is imf only gives loans in june and October. October is 4th quarter.
Am sure you can enlighten all bloggers in your usual inimitable manner
Kaponyas like him only think money rains on lungu and his gang…..they think it is free money.
Norway want accountability of funds lent to Zambian farmers.
HE ECL announced yesterday a 4% pay rise for public service employees. Some time back the Hon Minister Mutati indicated there would be wage constraint in line with IMF loan requirements.
Is the President’s action an indicator that in fact there will be no IMF loan or does he lack faith in his finance minister . Either way the Hon. Minister is compromised.
Mutati, and his two comrades, the one for Mines, and Energy should be Fired!
Good morning all inmates at Lusaka correction facility. We believe after 37 days, correction has occurred. Whether you admit it or not. If not can’t wait for your trial and sentence.
Let’s have the treason trial so that the whole world can see what a tinpot dictator Lungu is. Lungu’s minions need to be humiliated in an open court so that Lungu can be exposed. No nolles.
Iwe ka Spaka like lilo;am not a kaponya BUT YOUR FATHER IN DUNDUMWEDZI IS A KAPONYA!!!
Reason properly than using insults id1ot!!i have never called you names,So why call me a kaponya?
Njimbu only kaminamisa form Chawama can a Kaponya.HH has been leaving Kumayandi how can he be a Kaponya.
How did we get to this situation? We are back at the IMF practically on our knees. Borrowing money is not bad, actually most business ventures do at some point in their life cycle, require external funding. It how the borrowed money is used that matters the most.
If IMF money will be used in the same manner PF has been using money in the past 7 years, then the situation is hopeless. The money if it is made available will be better spent on projects that can payback the loan. We can do it if our leader stop fighting and get to work for Zambia. By the way I do not support UPND or PF. Zambia can do better than these two. And trust me that day is coming soon
Hey! Guys, what did these crooks do with the Eurobond money? what proof have we got that they will not do some crazy things once they get drunk with the IMF money?
Why are they calling the IMF as partners when it is us who are desperately looking fro money and the IMF are rich with funds? How can we be their partners when they are slavemasters and we are just simpletons with nothing for us to be prou of? Does any picture of Lungu giove you an impression that he is presidential enough to handle the serious development needs of Zambia? He looks like a lost rat in a maze, and is not presidential. One does not have to parade armed people of goons to reflect high intellectual capacity, but just present your ideas on a press conference for all to hear your brain speak and answer questions…
We fail to see how IMF can loan Zambia $1.6 billion when the Illegitimate Lungu govt is violating Human Rights,ignoring the Rule Law, Good Governance and Constitutionalism. The Good Governance Initiative (GGI) Group has circulated a Petition to all Western Govts calling for Economic,Financial and Travel Sanctions on Lungu and his fellow Criminals. We don’t see how IMF will loan Zambia $1.6 Billion with these Sanctions in place. With HH still in Jail on trumped up Treason Charges we don’t see the IMF Board approving such a loan unless HH is released unconditionally and the Presidential Petition is heard in Court. Mutati and Lungu should forget about IMF Loan until they resolve these toxic issues.