The Zambian government has confirmed that it will commence Virtual Discussions on a Programme Under the Extended Credit Facility on 4th November, 2021.
Ms. Allison Holland will lead the IMF delegation while Finance Minister Situmbeko Musokotwane will lead the team from Ministry of Finance.
The aim of the discussion with the IMF is to achieve a staff-level agreement that outlines an agreed policy reform package and a related medium term macro-fiscal framework that would restore fiscal and debt sustainability, boost inclusive growth and strengthen economic governance.
This is according to a statement issued by Secretary to the Treasury Felix Nkulukusa.
Mr Nkulukusa also announced that Zambia’s latest debt figures including a detailed creditor by creditor breakdown can be assessed on the Ministry’s website www.mof.gov.zm
Below is the full statement
Oil prices will go up. Electricity prices will go up. The IMF is allergic to subsidising consumption, and if GRZ does not understand this, there will be no deal. The IMF does not lend money for handouts.
We may not have the best outcome but it will certainly better than it could have been under PF govt. This govt comes with a clean slat & transparency required in a high stake deal which hinges on trust. IMF will hear us!
All will work out well for zambia…….
Transparency, hardworking, dedication , ati corruption and prudent economic mangment of zambias resources are starting from the top………..
Even if IMF impose austerity measures , the prudent economic management by HEHH of what we have will see zambia through…….
I can bet my savings on this……
Going back to MMD time of FTJ were SAP made the life difficult for Zambians. IMF is worse than Chine kaloba.
@Spaka; it can’t be any true than what u ve said brother. Yes austerity will be imposed by the lenders but will be cushioned by the prudent management from the capable UPND team. Imagine these same measures under PF. Zambia was definitely the next Zimdollar.
I don’t see any Intergovernmentalism In the current administration UPND For IMF to lend an hear.
UPND administration bend on petty issues and Photo ops. Starting to look like 419
Tread carefully. IMF temu nobe!