
FDD President Edith Nawakwi says the current economic quagmire the country is facing should not be blamed on China as the country started sliding down way before the debacle in the Chinese economy.
Ms. Nawakwi observed the PF Government has ignored advise from from everyone including the international community against excessive borrowing but that the country is now suffering due to the recklessness of a few individuals who are not even feeling the impact of their reckless actions.
“The Zambian economy is in intensive care. The country started sliding down even before we had this debacle from China on the slowdown of the Chinese economy.
The economic mismanagement of Zambia is something that the world Bank and the the IMF have just been left with no commentary at all
The economic mismanagement of Zambia is something that the World Bank and the the IMF have just been left with no commentary at all. They tried to advise the Zambian Government against excessive borrowing, unbudgeted for massive capital infrastructure and a lot of wasteful public service expenditure and this Government did not take it so the effects of the Chinese economy heating up and losing track coupled with massive load shedding has just made Zambia a basket case.” said Ms. Nawakwi.
She noted that Government should squarely take up the blame of what is happening to country’s economy as opposed to blaming outside forces as the current economic challenges the country is facing are self made.
She also wondered why the PF is still in charge of the country’s affairs when they have admitted that the challenges the country is facing is beyond their capacity.
“This country is facing unprecedented load shedding and according to them, they can not produce power due to drought which are symptoms of poor economic management. Mines are closing down small businesses are closing down so when you link this to the Chinese economy we are back to the 1990s.
We shudder to think what is going to happen because there is massive laying off of workers especially in the mining and manufacturing sectors and their Spokesperson ( Government Spokesperson) has confessed that they have no solutions to our challenges and that only Jesus can sort out our problems which leaves one to wonder why they are still in charge of our country’s affairs.”
She added ” it is a clear case of Government ineptitude, mismanagement and lack of vision and focus.
We have a Minister of Finance whom we don’t know what he is doing in the office as he has never addressed the public on problems that the country is facing, we have a Minster of Energy who contracts 190,000 metric tons of crude oil which can not be refined in our refineries and you want to blame the international market, no! It’s the leaders in Government who are responsible for the mess we are in as a country.”
She further explained that the effects of the international market have minimum impacts on countries with long term economic policies.
“The international economy heats up from time to time, economics by its nature is cycling but countries with economies which have been cushioned by policies which are long term will turn to them even under this condition ( slow down in the Chinese economy). Look at Bostwana for example, I don’t think they are going through the same problems as ours. The Zambian people are not interested in the blame game being played by the Government but are interested in knowing what policies their Government, the PF Government is putting in place to make sure that we get out of this economic quagmire,” she explained.
And on Corruption the FDD President said Ministers will continue queuing at State House unless the centre of power is dismantled by decentralizing the political and economical governance of the country.
She noted that African countries and Zambia in particular will continue to record high levels of corruption as long as power continues to be deposited in an individual something she said will be a thing of the past when her Party assumes power in 2016.
Our Party believes that the solution to this endemic corruption is decentralization, let us demystify budgeting of our national resources. We need to budget according to regions and Districts and I think that this will be a decisive way of stamping out corruption, remove this centre which is basically that in Africa you have excessive power deposited in the presidency
“Our Party believes that the solution to this endemic corruption is decentralization, let us demystify budgeting of our national resources. We need to budget according to regions and Districts and I think that this will be a decisive way of stamping out corruption, remove this centre which is basically that in Africa you have excessive power deposited in the presidency.
We need to decentralise so that people begin to be in charge of their resources and feature and I think that unless Africa sorts out this Monarch type of arrangement we will not sort out problems. The FDD Party believes the only solution to eradicating poverty is through Agriculture using decentralization as a policy instrument to deliver support to the people. Our people can be supported so that they can be responsible for their lives and their future and decentralization is key to achieving that,”