ECONOMIST Noah Kabwita says Zambia is capable of standing on its own without the International Monetary Fund (IMF) extended credit facility, which is scheduled to end next October. On Tuesday, Finance and National Planning Minister Dr Situmbeko Musokotwane explained that government had extended the IMF programme by one year because abandoning it would result in the loss of donor funding. But in an interview, Wednesday, Kabwita argued that such remarks suggested a lack of confidence by Dr Musokotwane in the progress made so far. “An economy that must stand on its own must not really depend so much on the IMF, because the presence of the IMF shows that we have messed up and we can’t do things on our...
