Tue, 28 Feb 2017 10:58:00 +0000 By MUKOSELA KASALWE THE country is on the right path to economic recovery and government should endeavor not to embark on infrastructure projects not catered for in the budget, says former finance minister Katele Kalumba. Mr Kalumba said that the economy was on a right path but was quick to note that there was need to aggressively attract direct foreign investment and urged the Bank of Zambia to loosen its tight monetary policy to enable more investor’s access credit for productivity. He said that it was vital for the banking sector to come up with creative instruments which would allow for more lending avenues, saying the liquidity in the market was minimal. “Zambia is on the right course in terms of economic policy but I put a word of caution, let us not be complacent in terms of fiscal prudence and the government should not announce new infrastructure […]
