by Mukosha Funga on 22 Jun 2018by Joseph Mwenda on 22 Jun 2018by Mirriam Chabala on 22 Jun 2018by Mirriam Chabala on 22 Jun 2018
- Goal Diggers
by Mazuba Muleya on 11 Jun 2018by BBC Sports on 9 Jun 2018by Mazuba Muleya on 24 May 2018by Abraham Kalito on 17 Apr 2018
by Abraham Kalito on 20 Jun 2018by Stuart Lisulo on 20 Jun 2018by Joseph Mwenda on 16 Jun 2018by Stuart Lisulo on 15 Jun 2018
by Zondiwe Mbewe on 20 Jun 2018by Zondiwe Mbewe on 19 Jun 2018by Zondiwe Mbewe on 18 Jun 2018by Zondiwe Mbewe on 14 Jun 2018
- Editor's Choice
by Percy Chanda, UPND on 15 Jun 2018by Elias Munshya on 11 Jun 2018by Akashambatwa Mbikusita-Lewanika on 31 May 2018by Chibamba Kanyama on 25 May 2018
by Diggers Editor on 23 Jun 2018by Diggers Editor on 22 Jun 2018by Diggers Editor on 21 Jun 2018by Diggers Editor on 20 Jun 2018
by Mirriam Chabala on 22 Jun 2018by Felix Kashweka on 30 May 2018by Sipilisiwe Ncube on 24 May 2018by Sipilisiwe Ncube on 15 May 2018
- Guest Diggers
by Kalaki on 24 Jun 2018by Sishuwa Sishuwa on 18 Jun 2018by Sishuwa Sishuwa on 15 Jun 2018by Muleya Mwananyanda on 15 Jun 2018
Treason case might delay IMF negotiations – SaasaBy Charles Mafa on 26 May 2017
Economist Professor Oliver Saasa says the continuous dragging of UPND leader Hakainde Hichilema’s treason case might delay negotiations for the country’s IMF bailout package.
Magistrate David Simusamba has referred the treason case involving Hichilema to the High Court for judicial review, saying if the judicial review did not take shape in 15 days, he would then proceed to commit the accused to the superior court for trail.
But Prof Saasa told News Diggers! that one of the messages that came out strongly when he met diplomats from “a high level embassy” at his office recently was that the IMF package might be delayed by the ongoing treason case.
“The way they were talking and knowing how they control the IMF, it made me think and made me a little bit worried, like yes, you might think you are concluding with the staff at the negotiating level. But really hard questions may have to be answered at the Board level and they may actually say, ‘while you go on with your legal process, we don’t want to interfere with your sovereignty since you insist, we will wait for you when you are done, then you can come back’. For them (IMF), good governance is not just political, economic governance is what constitutes the ingredients for that sort of external support,” Prof Saasa said.
He said the earlier the case was concluded the better for the country’s economy.
“There are a number of players that are sitting and waiting in the wings to see what is going to happen. One of them is really the investor community, especially against the backdrop of the ongoing political challenges of governance. People would want to see and get a little bit better news from Zambia than what has so far been taken. And therefore one of the good news is two-front in my view – the entry of the IMF and the resolution of the political, what many people believe is a political standoff and I subscribe to that situation. We are waiting whether there will be some inroads that point to the more positive direction,” he said.
“The biggest problem is fiscal, which is where we are relying on the executive instrument of government in the Ministry of Finance – how do we account for money? How do we approve the budget? Are we giving more resources to the wrong priorities while we are shouting ‘we want to reduce poverty?’How do we reprimand those, through oversight institutions like the Office of the Auditor General? How do we reprimand wrongdoers? All those questions… that is what really ultimately determines whether we are doing the right thing with resources that we generate and manage or not. So for me really, these are the things that I don’t need the IMF [for].”
He observed that Zambia was desperate for the IMF aid package.
“In fact, the IMF never comes to Zambia. We go to the IMF, that is why right now we are canvassing the world, the globe for them to get to listen to us. We are the ones who go there. The question is why do we keep going there, rather than the IMF coming to us? One has to ask the right question to get the right answer,” said Prof Saasa.
About Charles Mafa
Charles Mafa is an Award winning investigative journalist, columnist and blogger.
Email: charles [at] diggers [dot] news
- Chinese rhino smugglers named - 15 Aug 2017
- Govt confirms arrest of Chinese smugglers - 31 Jul 2017
- Zambia arrests 3 Chinese, 2 locals for possessing 25 rhino horns - 29 Jul 2017
- Kwacha down to 8.8 per dollar - 13 Jul 2017
- Increased Zesco tariffs have caused rise in inflation – CSO - 1 Jul 2017
Subscribe for email alerts
Weekly Most Digged
ArchivesJul0 PostsAug0 PostsSep0 PostsOct0 PostsNov0 PostsDec0 Posts
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
The News Diggers
Deputy News Editor
Plot No. Lus/9812/649-MC8
off Alex Chola Road
P.O. Box 32147
Telephone or WhatsApp:
+26-097-7708285, 095-3424603, 096-5815078
diggers [at] diggers [dot] news
editor [at] diggers [dot] news
Send this to a friend