Government still optimistic sealing a deal with IMF

Filed under: Breaking News,Business |

Chikuba Mukuli

Government has maintained that there is no conditionality attached to its engagement with the International Monetary Fund (IMF).

Ministry of Finance Permanent Secretary for Economic Management and Finance, Mukuli Chikuba says the current IMF programs no longer have conditionality on employment and wages.

Mr. Chikuba says the IMF program focuses on social protection and therefore government has undertaken to protect social sectors in the economic program it has designed.

He states that the program is based on the Zambian government’s priorities in the medium term, and that this is the basis of engagement with the IMF.

Mr. Chikuba says this is notwithstanding the fact that the economic program government will be implementing is wider than the gist of the program it has shared with the IMF.

The Permanent Secretary was speaking when Civil Society Organizations (CSOs) called on Finance Minister Felix Mutate to get an update on government’s engagement with the IMF.

And Finance Minister Felix Mutati has expressed optimism that government will seal the deal with the IMF for the home grown economic recovery program it has set out to implement.

Mr. Mutati says the last meeting his delegation held with the IMF in Washington was tough but constructive – Qfm


6 Responses to Government still optimistic sealing a deal with IMF

  1. This Is wishful thinking. Mutati expects the IMF to loan Zambia $1.6 billion to continue persecuting HH while he is in Jail on trumped up Treason charges.Lungu, Mutati’s boss has declared that HH will not get his freedom from Jail becoz he has directed the Courts not to free him until he withdraws the Presidential Petition from the Court and he has recognized,Lungu the Vote Thief as the Legitimate President. Lungu has just confirmed to the Whole World that his illegitimate Regime does not respect the Rule of Law, Constitutionalism,Good Governance and Human Rights. We await to see if the IMF Board will approve the Loan and finance Gross Violation of HH Human Rights in Zambia. Lungu has destroyed Good Governance institutions like ECZ, Concourt, ZPS,All the Courts etc. We will see if Lungu will be rewarded for destroying Good Governance in Zambia. If wishes were horses we would all ride. Instead Mutati should be budgeting for Economic,Financial and Travel Sanctions as well as preparing for ICC indictment for committing crimes against humanity.

    May 18, 2017 at 8:28 pm

  2. It is interesting to learn that there are no conditions attached to engagements with IMF and that the IMF program focuses on social protection.
    Allow me to say that the ultimate purpose of social protection is to expand human capabilities, which allow citizens to fully enjoy their economic, social and cultural rights. Expansion of these capabilities increases the freedom of individuals, strengthens social cohesion and promotes overall wellbeing.

    Dr Imasiku Liamunga
    May 19, 2017 at 8:01 am

  3. @Chamu u are spot on but u forget that Lungu is visionless and clueless. He depends on advice from Criminals who surround him and dont know how Institutions like IMF operate at the Board Level. EU, USA and the International Community have raised a Red Flag on Zambia. Rule of law has broken down,the Zambian Constitution has been abrogated by Lungu,Poor Governance and Gross violations of human rights is the order of the day. Mutati is like a drunkard who sees his house on fire and thinks good Samaritans will help him put off the Fire and rebuild the House without wanting to know the cause of the blaze.Mutati is counting the chickens b4 the eggs are hatched. Its hopelessness and foolish bravery that is afflicting Mutati and Lungu.They fail to see the IMF Loan Approval and ther Barbarism. Time will tell.

    May 19, 2017 at 8:44 am

  4. imf should also consider minimum wage because zambians receives mick-mouse payments from these exploiters the so called investors hence live in abject poverty graduates getting k1200 shame

    ba big
    May 19, 2017 at 11:01 am

  5. thats really bad

    May 19, 2017 at 11:03 am

  6. what is the government doing about that nothing?

    May 19, 2017 at 11:04 am

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