Sunday, June 16, 2024

EAZ commends Government its continued engagements with IMF

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The Economic Association of Zambia (EAZ) has commended the government for its continued engagements with the International Monetary Fund (IMF) regarding the country’s responsibilities.

last week, the government concluded discussions with the (IMF) in relation to Zambia’s request at the end of last year for IMF support under an Extended Credit Facility (ECF).

This follows a virtual meeting which was held from 11th February to 3rd March this year led by the Minister of Finance Dr Bwalya Ng’andu with the IMF delegation, led by David Robinson.

And EAZ president Lubinda Haabazoka hoped that outcome of the engagements will see to it that certain challenges such the uncertainty in fuel prices are alleviated.

Dr Haabazoka said he is happy to learn that full information was given during the said discussions.

“I think that as the Economic Association of Zambia we are very happy that it has been indicated that talks were open and full information was provided and that talks will continue into the future,” he said.

“Of course we are a bit concerned with the possibility of having to adjust electricity prices, fuel prices but let us see how things turn around. Overall as an Association, we are of the idea of government engaging various stakeholders including the IMF.”

10 COMMENTS

  1. karma, unprincipled people – not too long ago, you and a bunch of others were giving the middle finger to the IMF. What has changed? Indeed a politicians memory is selectively shot!

  2. PF time out. You are failed to recognize the existence of GRZ, intellectual properties.

    Without intellectual properties it’s hard for IMF to give us funds, and to have a vibrant Lusaka stock exchange.

    “Stock market is an important part of the economy of a country. The stock market plays a play a pivotal role in the growth of the industry and commerce of the country that eventually affects the economy of the country to a great extent. That is reason that the government, industry and even the central banks of the country keep a close watch on the happenings of the stock market. The stock market is important from both the industry’s point of view as well as the investor’s point of view.”

    PF since you took office Lusaka stock Exchange has been stagnant.

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  3. The discussions with IMF have been going on for over 4 years now, does this appear new to EAZ. What is worrying is that IMF has not been buying our story for reasons well known to all of us especially poor fiscal discipline and our debt which has exceeded the recommended ratio of debt to GDP.

  4. Another futile exercise, how can Zambia’s mismanagement of the economy inspire IMF. The last communication from the IMF themselves after the last meeting was that there still remains a lot of challenges on discussions with Zambia. who would be surprised with that statement from the IMF

  5. How can the Corrupt Panga Family successfully negotiate a Cash Bailout with IMF when they are dishing out Printed Money to buy votes,mismanaging the Economy and defaulting on its external debt?They are negotiating with IMF while preparing to rig the 2021 Elections. IMF will not agree to a Cash Bailout with an illegitimate ECL Govt. The writing is on the wall.

  6. There’s nothing to evaluate in the GRZ-IMF talks so far. There’s no deal yet and if ever it comes to getting a deal it will not be a good one. The PF left it too late.

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