ECONOMIST Chibamba Kanyama says while the IMF package presents an opportunity for Zambia to reset its unsustainable debt position, it can also be a poisoned chalice if not well managed. Finance and National Planning Minister Dr Situmbeko Musokotwane recently said the country expected to receive the IMF bailout package at the end of this month. And in an interview, Monday, Kanyama said experience had shown that an IMF programme fever could also be a poisoned chalice, in that favourable donor responses usually collapsed if not managed properly. “While the IMF package presents an opportunity for Zambia to reset its unsustainable debt position and spur Zambia towards sustainable economic growth rate, it can also be a poisoned chalice if not well...

To continue reading this premium content, login to your account or Subscribe to our ePaper using the buttons below.
Log In Subscribe