By BUUMBA CHIMBULUNEW Finance Minister, Situmbeko Musokotwane, has outlined an aggressive economic recovery plan which is expected to lower the cost of living, stretching debt payments while increasing copper production to two million tonnes annually.And Zambia has been allocated the US$1.3 billion Special Drawing Rights from the International Monetary Fund (IMF).Dr Musokotwane said Government’s main focus would be on economic recovery which was stressed, thereby leading to a high cost of living.Dr Musokotwane said the Finance ministry would therefore take an aggressive approach anchored on stimulating growth despite the stressed economic environment.“This economic stress arises from the fact that Zambia in a short period borrowed too much money meaning that as we pay back there is little liquidity for those running businesses to have customers.“It has become hard to hire essential workers such as teachers and health workers,” Dr Musokotwane told the media yesterday in Lusaka yesterday.He indicated that Government would take an aggressive approach […]
AMBITIOUS ECONOMIC BLUEPRINT UNVEILED
