Thu, 23 Feb 2017 11:19:33 +0000 By BUUMBA CHIMBULU THE International Monetary Fund (IMF) supported programme will result in stable macroeconomic fundamentals as Government will significantly reduce unplanned expenditure, says economist Lubinda Habazoka. In an interview with the Daily Nation, Dr. Habazoka said one of the advantages for the IMF package was that governments were forced to control its expenditure. “After getting the IMF package, Government will significantly reduce unplanned for expenditure and overspending. “This will result in stable macroeconomic fundamentals for the country like what we witnessed when the country followed a strict Highly Indebted Poor Countries (HIPC) programme in 2000,” he said. Dr. Habazoka said the advantage of an IMF package was that Zambia would have a multilateral institution to whom Government would be answerable for their fiscal policy. He further said there was need for wider consultation before Government decided on acquiring loans from the IMF. Dr. Habazoka, however, said the […]
