ECONOMIST Lubinda Haabazoka says experience has confirmed that the International Monetary Fund (IMF) is detrimental to the country’s economic development agenda. In an interview, Tuesday, Haabazoka said IMF funding limits the ability to innovate and create new companies and factories that are vital for job creation. “The IMF is an association that has policies that are not aimed at job creation; their help is just basically to provide balance of payment support and the monies that they extend goes strictly to helping countries pay for their imports or their foreign debts or anything that needs forex. So that money, despite coming with a lot of conditions, actually is detrimental to the country’s economic development agenda because amongst the conditions that...

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