Wed, 31 Jan 2018 13:07:43 +0000 By BUUMBA CHIMBULU GOVERNMENT has clarified that the International Monetary Fund (IMF) support currently under negotiation process, is not part of the 2018 national budget financing and that the delay for the agreement will therefore not have any impact of the execution of the plan. Government has however said the programme, once concluded, will be premised on the balance of payments support through the supply of resources towards the national reserves. According to Government, the 2018 budget was skewed towards domestic revenues and confirmed external support. In a statement released by Ministry of Finance head of public relations and media, Chileshe Kandeta, Government, however, remained optimistic that when the support from the IMF was finally agreed, the recovery and positive performance that Zambia was currently experiencing would further be augmented resulting in accelerated recovery and robust growth. Mr. Kandeta emphasised that the IMF support was not intended for budget […]
