FORMER Finance Minister Ng’andu Magande says Zambia’s reclassification of income status by the World Bank could mean that perhaps the country has been reduced to a beggar. But Movement for Multiparty Democracy MMD president Never Mumba says the re-classification of Zambia as a low income country from lower middle income could be a useful springboard. In an interview, Magande noted that this could result in the country not having power to negotiate. “We were discussing the question of being middle income or low income; the advantage, for example, there if you go into low income, then it means you can’t be allowed to borrow at commercial terms. Then you are asked to only ask for money from IDA which is…...

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