By BUUMBA CHIMBULUZAMBIA is currently driving the conditions of the International Monetary Fund (IMF) agenda and this will lead to a more stable economy as being on the programme makes the macroeconomic outlook relatively brighter.Zambia and the IMF on December 3, 2021 reached a Staff-Level Agreement for a three-year programme under the Extended Credit Facility for US$1.4 billion after agreeing on certain conditionality which has seen removal of fuel subsidiesThese conditionalities are however not necessarily imposed by the IMF, clarifies Patrick Chileshe, Zanaco Head of Economic Research who instead explained that the IMF programme was driven by a country that was seeking help.Government, Dr Chileshe said, working with the IMF came up with reforms needed to bring back the economy on a sustainable path while negotiating and agreeing on conditions such as how much fiscal deficit was needed.“From an economic perspective, the IMF programme is driven by a country that is seeking help, it is […]
Zambia driving IMF conditions’
