imf,govt-to-design-common-programme-ng’andu

IMF,Govt to design common programme-Ng’andu

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By Sharon Kunda-The International Monetary Fund -IMF says it is prepared to work with the Zambian government in addressing the challenges the country is currently facing.

Finance Minister Bwalya Ng’andu says the IMF team that is in the country is looking at the country’s macroeconomic figures and discussing with the government the country’s position.

Dr. Ng’andu says this is with a view of the government and the IMF team developing a macroeconomic framework and design a programme for IMF intervention which both parties will agree on.

He has pointed out that the engagements are part of the regular exercises that goes on between government and the IMF.

Dr. Ng’andu has revealed that he will be presenting proposals to cabinet on measures that the country needs to undertake in order to reach debt sustainability.

He says the IMF team has expressed concern about the country’s debt sustainability and the rate of economic growth.

Dr. Ng’andu has explained that the measures that will be taken by Government will concentrate on restoring the economy to a level where it can grow.

The Finance Minister was speaking to journalists after an IMF team paid a courtesy call on President Edgar Lungu at State House in Lusaka today.

And President Lungu said he was happy that the IMF is in the country to look at the country’s macroeconomic figures.

He said the country is looking forward to the specific measures that Government and the IMF will formulate in addressing the country’s challenges.

The Head of State has expressed optimism that a solution to the country’s challenges will ultimately be found and that the country will continue to engage the IMF.

Meanwhile, visiting IMF Chief of Mission Dan Ghura said his team is in the country as a scoping mission and is updating the Organization’s information on Zambia’s economic situation and economic policies.

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