Mon, 08 Jan 2018 13:46:47 +0000 By CECILIA MUBAMBE THE 5 percent economic growth projected by President Edgar Lungu can only be achieved if drastic measures are taken to engage the private sector, an economist has said. Zambian economist Mr Yusuf Dodia said the government was too dependent on borrowing money from external sources including the IMF instead of actualising measures that would trigger internal local resource generation. He cited Government intention to borrow more that 290 percent from the domestic economy this year as an exercise that would crowd out local private sector participation as the banks were more disposed to lending Government where the risk was low or nonexistent compared to private business. Instead of depending on the IMF and other foreign entities to finance growth the Government, he said Government should put in place measures to ensure that proceeds from the export of such commodities as copper, sugar, cement, agriculture and […]
