Finance Minister Situmbeko Musokotwane has said that Government will publish the full details of the US$1.3 billion IMF bailout package this week to ensure Zambians understand what is contained in the deal.
Speaking when he appeared on ZNBC’s Sunday Interview programme the Minister said that the IMF extended credit facility will help free up resources that the country can use to spend on recruiting teachers and health workers.
Dr Musokotwane said that Government has undertaken to implement reforms that will increase spending to social sectors such as Health and Education.
Meanwhile, the Minister has dispelled assertions by a section of society that fertiliser subsidies have been removed.
Dr Musokotwane said that the government has not removed fertiliser subsidies, but has merely revised the list of beneficiaries to ensure only deserving farmers benefit from the subsidised fertiliser.
He has further told ZNBC News in an interview that the government is also making sure that the fertiliser is procured in an efficient manner and at a lower price.
Dr Musokotwane said previously, that fertiliser was coming into the country at a  high price because of various factors, such as the presence of middlemen in the supply chain.
He has, therefore, assured the deserving vulnerable but viable farmers not to worry because fertiliser subsidies have not been removed.
Let’s hope the truth is not the opposite of what you are telling us.
Don’t publish anything you f00l..
fertilizer, you awarded the contract of supplying of one company immediately you took over, without proper explanation.up to date!!
Refreshing News and a welcome change from the past
In January, Lusaambbo Boowmaan ignorantly wrote to IMF requesting for an honest disclosure on what details Zambia signed for the loan requirements.
The request was denied as the onus solely lay with the finance ministry.
Information is power.
Let’s wait and see how long these facts flow or delay in coming forth before they get declassified for the public eye.
If you have the details of the deal why are you not publishing it? What are you afraid of? And please make sure you publish the details before the upcoming by-elections, preferably by this Wednesday (07/09/2022). The Zambian people need to know what you have signed them up to. What a load of toss from this lot, starting from this 2oad.
Zambia was given $1,300 when it is dcumented Hon. Situmbeko Musokotwane applied for a $1, 400 million bundle.
Concerns then follow as bellow:
1. Were we under qualified for the full amount or it was amended?
2. Are there other figures and calculations we don’t yet know of?
3. Are there any loan application fees attached to the package covering the deficit?
4. What has happened to the $100 million amount difference?
5. Could this amount be the interest on the “interest free loan”?
6. Is there a readjustment owing to the Zambia’s “homegrown” requirements?
7. Does it have a connection to SDR’s that are akin to the basket full of exchange rates (SDR 978.2)?
8. May it be that IMF is selling money to us at $100 million while swanking about it as “free” loan?
Zambia was given $1,300 million when it is dcumented Hon. Situmbeko Musokotwane applied for a $1, 400 million bundle.
Concerns then follow as bellow:
1. Were we under qualified for the full amount or it was amended?
2. Are there other figures and calculations we don’t yet know of?
3. Are there any loan application fees attached to the package covering the deficit?
4. What has happened to the $100 million amount difference?
5. Could this amount be the interest on the “interest free loan”?
6. Is there a readjustment owing to the Zambia’s “homegrown” requirements?
7. Does it have a connection to SDR’s that are akin to the basket full of exchange rates (SDR 978.2)?
8. May it be that IMF is selling money to us at $100 million while boasting it is a “free” loan?
I applied for ZESCO power connection 3 phase underground and 3 months down the line ZESCO still waiting for revised new tariffs…..now I understand why my quotation has been pending for 3 months…..I will definitely feel the blunt of $1.3 billion…..I thought HH was smart enough to know that IMF is a Predator
Why broadcast the IMF bailout package while knowing GRZ is misaligned. When GRZ fails to facilitate formal sectors, why bother.