Minister of Finance Margaret Mwanakatwe has said that engagement between Government and the IMF have continued through staff visits, with one upcoming in the 1st week of November 2018 for a possibility of an IMF Supported Programme.
Mrs Mwanakatwe noted that Government has continued its engagement with other multilateral organisations such as the African Development Bank and World Bank in their support to private sector development.
And Mrs. Mwanakatwe said that Government is committed to enhancing economic governance through prudent financial management noting that that No Public Funds, whether donor or Government, will be allowed to be misused.
The Minister also said Government is in full control of its debt and is addressing vulnerabilities of its debt profile through taking several measures that include the reduction of non-concessional financing and renegotiating of some loans on its portfolio.
No IMF loans please! Be careful!
Let me guess…
Balamitana nakabili oh sorry nakatatu!
We have cobalt that those mining minions are stealing and exporting as soil out of the country.
What is so hard with government reigning in the mines who seem to be raping us whilst we run to IMF and China asking for money the country already has in resources.
African leaders thinking really defiles logic.
Cobalt is at $90,000 per ton and Chinese are on record having bought $1.5 billion of Zambia’s Cobalt in three months. Yet people are still watching soil exported out of the country when they know its unprocessed Cobalt.
If they give you $1.5 Billion loan already $400 Million is going to buying planes? What a government?
You guys where do you take income tax revenues? How much do you really want to borrow? Mulekwatako uluse ne ngoni. You have become millionaires when not too long ago you didn’t even have K2,000 to file for your presidential papers.
Yes, they can meet for pleasantries, tea or coffee, chat about the weather and things like that. When it comes to resumption of talks with a view to go on an IMF loan facility, forget. It will not happen. Maggie Mwanakatwe can dream all she likes but there will be no IMF money.
So is that something to look forward to or to get excited about?
If only she would know the real owners who run he institution and their intentions.SAP is very fresh in the memory to some of us.
Staff visits meaning your office orderly went to meet their office orderly since the country representative is not there as the IMF withdrew him sometime ago.
These guys wont manage the austerity measures that come with IMF bail outs, I wouldn’t worry too much because I know this wont be successful
Lets hope we will have a new Minister of Finance after Concourt dismisses Mwanakatwe’s Election Appeal. Mwanakatwe and Luo are illegal and unconstitutional MPs and Ministers. Thanks to the State Captured Concourt. Cry the beloved Zambia.
Here we go again …the foools never give up on begging!!
Please forget about IMF.If you haveb a deficit there are other means.For example,reducing minister’s and mp’s salaries.Secondly, getting rid of all the allowances and avoid unnecessary trips
Essau Chuulu must go! He imposed this government of thieves and despots on the people.
Zambia’s Debt Position is now worse than b4 so no deal. Buying Planes sealed Zambia’s fate. The writing is on the Wall.
Lets hope we will have a new Minister of Finance after Concourt dismisses Mwanakatwe’s Election Appeal. Mwanakatwe and Luo are illegal and unconstitutional MPs and Ministers. Thanks to the State Captured Concourt. Cry the beloved Zambia.