Dear Editor,1. The debate about whether we really need an IMF loan is clearly an unending one, largely because of the impact that the decision we are going to make as a nation will have on the lives of our people.You see, there are three primary reasons why countries get an IMF loan, and in most instances all three reasons must exist to justify placing a country on an IMF programme.The first reason is if a country is in a consistent balance of payment deficit position. The second is when a country lacks fiscal discipline such that they have a consistent fiscal deficit.And the third is if the country is unable to borrow from anywhere else i.e. where it has defaulted on loans too many times such that no one wants to lend it money anymore. The question is; does Zambia fit the bill? Do we tick the three boxes here?2. With regard to the […]
DOES ZAMBIA REALLY NEED THE IMF: PART 1 OF 3
