PF to plunge Zambia into a debt trap – MP Mucheleka

Filed under: Breaking News |

Lubanseshi Independent Member of Parliament Patrick Mucheleka has noted  that the unplanned development the Patriotic Front (PF)  wants to undertake will take Zambia back into another debt.
Mucheleka observed that the PF is undertaking unplanned and uncoordinated developments which is going to force them into borrowing to finance them. He said this will be putting the country into debt considering that the PF government is also struggling to repay the recently borrowed Eurobond money.
He said PF are for no reasons in a hurry to take development just to impress people. He said this was the reason why the PF removed subsidies because the World Bank or the International Monetary Fund (IMF) gave them conditionalities to lend them the money for the many unplanned programmes.
The parliamentarian has also condemned the PF for doing away with useful policies such as the Sixth National Development Plan which was left by the previous MMD government.
He said it was uncalled for that the PF erased the policy which was giving direction to development stating that the policy was developed not by MMD government or politicians but by civil servants and technocrats who are stil serving in government.


4 Responses to PF to plunge Zambia into a debt trap – MP Mucheleka

  1. whats gud when roses grow thorns or when thorns have roses?

    Bonaventure Libala
    June 18, 2013 at 8:55 pm

  2. just wait and see,we will regret as a country.

    June 19, 2013 at 11:19 am

  3. Sata for you. Crazy President!!!!

    Mpangula Mputyu
    June 19, 2013 at 7:02 pm

  4. Mr MP do you think there is country in this world without debt think again usa is the greatest debter even you as an individual you owe some one some where every one in ths world does but the worse thing is to owe more than you can pay

    June 20, 2013 at 11:15 am

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Start: 2019-07-01 End: 2019-07-31