By BUUMBA CHIMBULUZAMBIANS should be prepared about the challenges that lie ahead with the coming of the International Monetary Fund (IMF) before the economy begins to take shape.The truth is that Zambians should brace for hard times now and a better future ahead, according to the Centre for Trade Policy and Development (CTPD) Head of Research, Boyd Muleya.Mr Muleya said the implication of the IMF programme entailed that there would be realignments of various fiscal measures.He said these included subsidies on fuel and electricity, as well as the Farmer Input Support Programme (FISP).Government’s monthly spending on subsidies are K1.2 billion on fuel and K700 million on electricity.CTPD, Mr Muleya said, therefore expected Government to come up with a very comprehensive communication strategy that would prepare the Zambians about the challenges that lie ahead before the economy begins to take shape.“It may interest you to note that the incidence of subsidies largely benefit the foreign corporations.“For […]
Prepare Zambians for IMF economic hardships
