Mon, 26 Feb 2018 09:55:26 +0000 By BUUMBA CHIMBULU REPORTS suggesting that the International Monetary Fund (IMF) has dismissed Zambian’s borrowing plan while putting loans on hold is misleading as the Fund can only decline to join the party and not terminate, explains the Zambia Institute of Policy Analysis and Research (ZIPAR). ZIPAR senior research fellow, Caesar Cheelo, said Zambia’s borrowing plan was not for the IMF alone, making it impossible for the Fund alone to individually dismiss it. The think tank indicated that as long as Zambia remained a member of the IMF, it still had chance to access the US$1.3 billion package. Mr. Cheelo explained that the IMF did not have the jurisdiction to dictate to any country how it should borrow but could offer advice which the State could listen to or not. “The fact is, the IMF did not dismiss anything! It simply declined to extend a loan to Zambia because […]
