By BUUMBA CHIMBULUCURRENT economic and social hardships will be prolonged for generations to come if Zambia does not clinch a deal with the International Monetary Fund (IMF) for a programme.Zambia at this point must ensure it clinches a deal with the IMF without fail as it is needed to avoid prolonged hardships, according to the Bank of Zambia (BoZ) Governor, Denny Kalyalya.“At the point we are, it is a must that we must get this [IMF deal] otherwise the hardships will prolong for generation. Already there is suffering that we have endured. We can have some pain but we have an opportunity, why should we not get this?“Many of the countries that we look up to that they have succeeded have IMF programmes, World Bank programmes. Zambia is a bonafide member of the IMF,” Dr Kalyalya said this week when announcing the monetary policy rate which has been adjusted upwards.Dr Kalyalaya stressed that securing a funded IMF programme was also key to minimise the […]
BRACE FOR PROLONGED HARDSHIPS – IN ABSENCE OF IMF DEAL – BOZ
