By KALOBWE BWALYADEMANDS by Patriots for Economic Progress (Pep) president Sean Tembo that President Hakainde Hichilema suspends the International Monterey Fund (IMF) bailout package pursuit are misguided, Financial Analyst Maambo Haamaundu has said.Mr Haamaundu said it was mere politicking for Mr Tembo to call for suspension of an IMF programme pursuit as the country needed the package for a quick economic recovery.He said it was not a joke that the country had been seeking a bailout package from IMF for the last five years.In an interview, Mr Haamaundu said that conditions that would come with the IMF package were agreed upon by both parties.Mr Haamaundu said there was need to make tough decisions as a country because in the last 10 years government over borrowed and did not utilize the resources properly.He said Zambia needed IMF as the country’s economy needed quick attention before it deteriorated further.“There is no need for government to engage in […]
PEP LEADER OFFSIDE ON IMF – FINANCIAL ANALYST
