Minister of Finance Felix Mutati
Minister of Finance Felix Mutati

Government says there is nothing unusual about the impending International Monetary Fund programme.

 

Speaking during a brief with the private sector in Lusaka , Finance Minister Felix Mutati said the government’s engagement with the international lender is about sound and stable economic management

Mr. Mutati said government wants to minimize poverty and grow the economy saying it has given IMF a homegrown programme.

 

He said this is why government has been putting in place several measures which include maximising domestic revenue collection.

 

At the same function, Ministry of Finance permanent secretary economic management and finance Mukuli Chikuba said government is on course regarding the engagement with IMF.

 

Mr. Chikuba told the gathering of private sector captains that 95- per cent of the work has been done so far and only finalities were remaining.

 

He said there is no need to be anxious about the three-year programme as it will also focus on social protection.

 

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26 COMMENTS

  1. Mutati no need to be defensive.

    We agree with you and we’ll done with the amazing job you and president Lungu are doing.

    Thanks

    bb2014,2016

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    • Deceptive rhetoric to manipulate the general public into believing that IMF mean well for any country should stop. The IMF bailout will accelarate the down-ward spiral as job losses will be rife. Austerity is coming. IMF are demanding for the sale of what they term as non strategic assets such as ZAMTEL, INDENI and ZESCO. Zambia is headed for difficult and trying times in the next five years on account of the PF economic mismanagement of the last five years. So far we have already seen moving in terms of government approving the sale of 49% share in Indeni. Mutati will swallow his words.

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    • Hon Mutati, your elevator pitch has lamentably failed to buy any sophisticated brains. You don’t know or understand the mechanics of these Bretton Wood institutes. Be advised that the IMF is a dangerous Global loan shark, it will take full leverage over the Zambian economic lifeline and keep exerting enormous beyond your capacity to develop the country. Everything in debt stocks, they got you by the neck. You are overzealous of this path of greater inequality and unmitigated destruction. As learned and experienced Zambians, we are solid in financial Engineering and Econometrics impossible to buy this one. Your campaign for these toxic IMF kaloba attest your failure to navigate the money market for bilateral relief. I believe in President Lungu, but not this scheme of self strangulation…

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    • IMF will keep exerting enormous adverse pressure beyond your capacity to managing development. Be warned don’t brain Zambian educated experts we never cautioned you.

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    • The repeated messages over the same topic without anything to show for it, is sign enough bwana minister.

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    • “nothing unusual about the impending IMF programme…..”

      Mutati is right. There is nothing unusual. All bad and corrupt Governments end up there.

      Begging from the IMF is concrete PROOF that a Government is INCOMPETENT, CORRUPT, and INCAPABLE of managing a countries economy, with no accountability, no transparency, no capacity to control expenditure and in the end NO MONEY after borrowing BILLIONS of kaloba!

      If this was a business, it would have been bankrupt and CLOSED DOWN FOR NON-PAYMENT OF TAXES!

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  2. Why talk about the same crap all the time? We are sick of this home grown boocrap and IMF song. Why should we be proud about borrowing billions that will end up in the pockets of a few greedy individuals. This actually proves that this whole scam is a shambolic undertaking meant to perpetuate poverty and misery. Tell that to the IMF.

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  3. Deceptive rhetoric to manipulate the general public into believing that IMF mean well for any country should stop. The IMF bailout will accelarate the down-ward spiral as job losses will be rife. Austerity is coming. IMF are demanding for the sale of what they term as non strategic assets such as ZAMTEL, INDENI and ZESCO. Zambia is headed for difficult and trying times in the next five years on account of the PF economic mismanagement of the last five years. So far we have already seen moving in terms of government approving the sale of 49% share in Indeni. Mutati will swallow his words. Wait and see.

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  4. We told Mutati not to count the chickens b4 the eggs are hatched. With HH in Prison on trumped Up Treason charges,the EU Resolution on Zambia and Good Governance Initiative Petition to the US Govt and EU, Lungu and Mutati should forget about IMF Money becoz the IMF Board is not approving that loan. IMF cannot be seen to be financing repression in Zambia becoz the proceeds of the loan will be used to keep HH in Jail at Mukobeko Prison.No HH Release from Prison,No Petition Hearing and No IMF Loan. Chapwa!!

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  5. “Mr. Mutati said government wants to minimize poverty and grow the economy saying it has given IMF a homegrown programme.”
    Iwe ka Mutati, we know you want to maximise your pockets with Chakolwa Kadansa Kamwendo Lungu…

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    • What homegrown when all they talk about is wasting money through RDA…this MMD accountant is in his own little bubble and PF emptytins are watching like hyenas with preying eyes.

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  6. This IMF Stooge is annoying…why dont IMF give the swine a job in their African Dept to its poster boy.

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  7. “…Finance Minister Felix Mutati said the government’s engagement with the international lender is about sound and stable economic management…”

    Mr. Mutati, can you be honest ONCE in your life? IMF is not “international lender”but LENDER OF LAST RESORT for the Countries with COLLAPSED ECONOMIES.

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  8. If you are going to pay the loan from your own pocket, then there’s nothing wrong. Mutati is a very reckless minister, worse than Dinosaur-Chikwanda.

    All PF00ls are waiting for that money to loot it through useless over-inflated Govt contracts. I personally know a PF00lish friend who is just waiting for that IMF money.

    Already the damage you’ve caused from trying to get this IMF is too much:-

    1) You’ve sold Indeni, ZCCM-IH to yourselves & crooked friends
    2) You’ve increased Electricity fares by ridiculous amounts of 75% killing all manufacturing
    3) You are next planning to increase fuel price & remove farming input subsidies
    4) In the end, you’ll divert 80% of revenue to service these huge loans from IMF, World Bank, Chinese, EuroBond, Local banks, & when you fail,…

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  9. Chikwanda has even gone quiet now. After misusing those Euro Bonds and getting his gratuity; he is now quiet. And we now have Mutati telling us that it is okay to borrow more money. If he has given IMF homegrown program, why can’t he instead come up with a homegrown solution to this PF created problem than borrowing again!

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  10. The earlier Mutati is replaced the better. The worst finance Minister this country has had so far.

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  11. Of course with all those free perks which you and your fellow thugs receive in this roten government, nothing is wrong to you! Nothing changes for you when you ask fellow citizens to start coughing out blood in order to keep you and your thieving lunatic Lungu happy with looting and endless stealing!

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  12. The petitions against the loan to finance repression are going out in bulk spam propotions and speed………

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  13. I find it amazing how seemingly educated and knowledgeable people who have posted comments can be so ignorant of elementary economics and the role played by the Brenton Woods institutions. SO SAD.

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Comments are closed.