The United Kingdom has pledged to use its influence as a lead member of the IMF and the World Bank to encourage the International Community to support Zambia better its financial position.
UK Minister for Africa Vicky Ford has acknowledged that Zambia is currently facing huge struggles because of the financial position of the country.
Appearing when she was featured on the Red Hot Breakfast show, Minister Ford said that Zambia’s debt restructuring efforts are being delayed by one International creditor that seems to be taking more time to make a decision hence their resolve to intervene.
Minister Ford says she will soon be travelling to Washington for World Bank meetings and is excited to see how the UK can get the process going faster because the overhang is going to have a serious impact on Zambians.
She said agreeing on a plan with the IMF on making some structural changes to the country is also difficult when world food and fuel prices are going up but emphasised the importance to try and gain the sustainability of finances back on track.
“We’ve got one creditor that seems to be — one international creditor — that seems to be taking a bit more time to make a decision,” Minister Ford.
“I’m really encouraging them to say: How can we get this process going faster?” said Ford. “Because the longer it’s going, the more that overhang of uncertainty is going to impact on people here.”
Madam….we have stopped listening to criminals, who steal Africa’s mineral resources to enrich yourselves..Where is the gold reserve taken from Libya! gold reserves worth billions of dollars!
We can pay off that debt within a four year period…the problem is we have a puppet who wants to please you and America, Honestly how do you give tax holiday to mining companies! Last year Zambia exported copper valued at around 6 billion dollars! And someone gives mining firms tax holiday… rubbish
Why is she speaking on our behalf. Let our government make this pronouncement to the nation. How can a Minister from another country openly say her government is working to help ours govern. Lest we forget, this is our former colonizer. Relationships with the West are transactional in the end you will pay more for what you receive. This can also be classified as political interference to deflect from bad governance of the government of the day. Let’s stop such
We appreciate your support madam minister, but what is alarming is that we are hearing about this obstacle for the first time from you and not from our government representatives. One of the reasons we voted was for transparency in government and dissemination of information. This is just sad really..
Zambia waiting on ka payment.
It’s going to be rough if IMF doesn’t come through for us. Alot is hinged on this promissory note which UPND govt based economic relief on.
We don’t need any debt…the West has been stealing our wealth for centuries….please go away useless imperialist…you’ve caused enough misery on Africa……makaka
In exchange for gay rights. hh is scared of his whlte people
Pleading on behalf of Zambians?
Uk is all weather friend?
Bally Zambians waiting impatiently for
Better days.
Credit left behind by the thieving corrupt PF
Says a lot about the IMF. When you have a level playing field, do you need anyone else buttering up officials on your behalf?
#plant a tree please…indigenous one – if possible.
Good Ambassador, go ahead and help our people of Zambia, UK ‘s international influence can indeed do alot.
All this playing part is because the western world are now releasing how much minerals we have in every corner of our country and why should we have a European personal as African minister of our internal affairs!! Why not African person to hold this position!! Question!!