The Economic Association of Zambia says 2018 has been a turbulent year economically for Zambia.
Association National Secretary Mutisunge Zulu says despite having negative sentiments on Zambia’s economy, the Ministry of Finance is doing well in restoring fiscal fitness.
Mr. Zulu says the year started with stakeholders expressing concern on Zambia’s debt and the performance of the Eurobonds.
Mr. Zulu says what is motivating is the announcement of the austerity measures which if well implemented can help the country in overcoming the economic storm.
“The investors are looking forward for the full implementation of the austerity measures which I believe will change the whole economic perception,” he said.
He says the interest rates remain unchanged as the Central Bank has maintained the Monetary Policy at 9.5 percent.
Mr. Zulu says despite having a number of challenges, the country continues to see investors coming to Zambia through the expos that have been held in certain provinces of the country.
Mr. Zulu was speaking to Money FM News shortly after featuring on Policy, Power and Money Programme that airs on Money FM Business Radio on Mondays and Thursdays at 9hrs.