Zambian Economist Dr Lubinda Habaazoka says failing to clinch an IMF bailout package is not something to cry about because it is also debt. In an interview, Dr Habaazoka said the only solution to Zambia’s debt problems was to reduce government expenditure. “The failure to acquire a bailout from IMF is not something to cry about because that also is a debt in itself but the only advantage of an IMF package is that it forces government to be prudent in the way it spends its resources but the package comes with a lot of conditions which might end up pushing the population into poverty through cost cutting measures which are going to be very brutal to the population and…...

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