FORMER Bank of Zambia (BoZ) governor Dr Caleb Fundanga says it is premature to determine if the removal of subsidies will be detrimental to the country. And Dr Fundanga says the PF had no credibility to strike a deal with the International Monetary Fund (IMF). In an interview, Dr Fundanga said an analysis could only be done when the increases in fuel and electricity tariffs were pronounced. “The government has explained [that] there is no money to subsidize. The issue of petrol, diesel, electricity and other heavy fuels are all important to the development of this country. If they are subsidized, their usage is taken away from other areas where the government could impact the majority of the people. The...

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