By OLIVER SAMBOKOTHERE is need for the country to immediately engage the IMF and request for a staff programme, as a basis to embark on the journey to earn credibility, creditworthiness, and a path to fully-fledged support, UPND President Hakainde Hichilema has said.Mr Hichilema posted on his official Facebook page, this will provide the needed assurance to the creditors and potential investors of the country’s commitment to a coherent recovery programme which focuses on rebuilding creditworthiness.He also said to ensure that the country does not fall into a crisis, Government should pay the $42.5 million coupon defaulted on to unlock the support needed from the bondholders, as the country embark on the more critical negotiations to restructure its debt.Mr Hichilema said failure by the country to meet its obligation to the bondholder should be avoided at all cost, as it puts the country at risk of holdout creditors taking legal action to seize the sovereign […]
ENGAGE IMF, HH TELLS GOVT
