ECONOMIST Dr Lubinda Haabazoka says it is a trap for government to move from Eurobond holders and Chinese debt to jumping on IMF debt of US$388 million. Recently, government announced that it had reached a Staff-Level-Agreement on economic policies and reforms following the successful third review of Zambia’s Extended Credit Facility Programme, which would see the country receive $388 million. Finance and National Planning Minister, Dr Situmbeko Musokotwane thanked the IMF for considering Zambia’s request to respond to the drought. But in an interview, Dr Haabazoka said it was not a good idea for government to accrue more debt when it had just come out of restructuring negotiations. “It’s a puzzle, it’s something that I have never understood you know,...

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