By BUUMBA CHIMBULUZAMBIA has not been benefiting from financial advantages of being a member of the International Monetary Fund (IMF) because of the stiff conditions which are attached to the assistance.Over the years, Zambia’s growth has been shrinking and is not benefiting from financial advantages provided by the IMF because of stiff conditions.Bank of Zambia (BoZ) Governor, Denney Kalyalya, said this at the Monetary Policy Committee briefing in Lusaka on Wednesday.Dr Kalyalya said all IMF facilities provided support to a country which had sustainable debt situation or at least must have a creditable plan to guarantee sustainable levels.“This is what the Minister of Finance has been saying that we need to work on getting debt to sustainable levels. That is a key requirement for us to be able to work and get the balance of payment support,” Dr Kalyalya said.He said it was unfortunate that the international financial architectures such as the World Bank and […]
IMF conditions stiff for Zambia – BoZ
