Categories: Editor's Picks

IMF will never take Zambia out of poverty – Leadership Movement

• The only answer is Production through Agriculture and Manufacturing.
• Politicians are very selfish individuals with no road map to fix the economy.
• Without shame they make lives of the ordinary citizens worse.

An Opposition Political Party says International Monitory Fund (IMF) will never take Zambia out of poverty.

Leadership Movement Party Media Director Tatila Tatila told Money FM news in a statement dubbed “GRZ/IMF press briefing confirms more poverty coming” that the only answer to poverty is Production through Agriculture and Manufacturing of Products.

Mr. Tatila said the new dawn government justification of increasing fuel prices will affect the economy and cost of production.

He pointed out that ministry of finance and its partners are sponsoring inequalities which will result into total poverty urging Zambians to “wake up, rise up and voice out.”

“As Leadership Movement, we know that Politicians get good salaries and allowances with free-tax but without shame they make lives of ordinary citizens worse,” said Mr. Tatila

According to him, “Politicians are very selfish individuals with no road map to fix the economy today the New Dawn Government are busy justifying the increase of fuel prices which will affect the economy and cost production.

His comment follows Government and the IMF having reached a staff-level agreement on a new arrangement under the Extended Credit Facility for a period of three years from 2022-2025, which will enable Government access $1.4billion.

More From Author

World Bank urges Zambia to capture other benefits beyond mining sector

• World Bank is committed to supporting African countries to translate Africa’s mineral wealth into…

Read More

Kwacha gains should benefit consumers – BuyZed

• This is to ensure that consumers begin to enjoy what is produced locally.• Manufactures…

Read More

SEC attributes decline in Q4 bond trades to delayed debt restructuring process

• One of the challenges is to do with the delays in finalizing the debt…

Read More

Leave a Reply

Your email address will not be published.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

You May Also Like

IZB profit up 18.74% to K604.33 million

IZB has posted a K604.33 million Net Profit after tax for the year ended 31st…

Read More

Indo Zambia Bank declares K50 million dividend cheque

This is part of the K125 million dividend, the highest ever for 2023 financial year.…

Read More

Economist expects currency to hit K15 between April, December, 2024

  The Kwacha has been experiencing an unusual decline since introduction of the Export Proceeds…

Read More