- Goal Diggers
- Guest Diggers
IMF package will be bitter, it won’t be about tightening belts but skirts – NawakwiBy Zondiwe Mbewe on 13 Jan 2020
Finance Minister Dr Bwalya Ng’andu should urgently engage the International Monetary Fund (IMF) to address Zambia’s economic challenges that were left behind by veteran politician Alexander Chikwanda, says FDD president Edith Nawakwi.
And Nawakwi says Zambians must prepare for a bitter pill that will come with the bailout package from the IMF because they will not be asked to tighten belts but their “skirts” this time around.
The former finance minister also advised Zambians to become climate smart and utilize resources for them to be more resilient to external shocks.
Nawakwi told journalists that Dr Ng’andu should urgently craft a plan on how to resolve the country’s huge indebtedness left behind by Chikwanda who served in the position between 2011 and 2016, and left government with a huge debt stock, including US $3 billion worth of Eurobonds.
She added that as a matter of urgency, it was important for Dr Ng’andu to engage the IMF to finally secure an economic bailout programme that could address the country’s fiscal challenges.
“Going forward, it is important that our Minister of Finance sits down, as a matter of urgency, with the International Monetary Fund. I know it will be extremely bitter; it will be bitter than in the 1990s when we were being asked to tighten our belts. This time, we will be asked to tighten our skirts because the pill that will come with the package of IMF will be beyond our imagination! It will be extremely bitter, but it will be a necessary pill. I am looking forward to…the Minister crafting a plan on how we resolve the indebtedness that was bequeathed to us by our former Minister Alexander Bwalya Chikwanda, MP,” Nawakwi said.
She also observed that Zambians had left an extremely hard year behind them, adding that it was important that every citizen worked on creating household food security.
“We have left an extremely hard year behind us. We faced power outages, which have crippled most of the industries around us. There are a lot of people who have closed up. There has been a lot of downsizing. There is the devastating drought, which has hit us continuously for two consecutive years and I get this distinct feeling that south of Zambia, we are faced with the same problem, which will be three years in running. This requires creative and innovative thinking. It is important that every able-bodied Zambian does something about creating household food security within their homes, their households or to assist other families,” Nawakwi said.
She, however, said Zambia was not all on its knees as half the country was blessed with a good climate.
Nawakwi noted that was important for those in the southern part of the country to consider having their fields in areas with a good climate.
“My advice is, Zambia is not all on its knees. We have half the country blessed with a very good climate. It is important for those of us who like the urban glitter of Lusaka, Livingstone and Monze to start thinking about, maybe, not migrating, but about having our fields in Mbala, Nakonde, Nyala, North-Western Province and those areas. It is very important that we become climate smart and be able to utilize the resources that are before us; the waters of Zambezi; the waters of the Kafue and Chambeshi River. We should all now realize that time is gone when we used to look up to our heavens to open up for us to feed ourselves. It is now time to us to start thinking, working and acting creatively,” said Nawakwi.
About Zondiwe Mbewe
Zondiwe has interest in writing political and current affairs on issues which affect every Zambians.
Email: zondiwe [at] diggers [dot] news
- Court sets March 5 for hearing application in Kabulonga teachers, retirees’ eviction case - 29 Jan 2020
- Chanda, Soko deny receiving bribes from IMS - 29 Jan 2020
- Court hears how Lusaka man defiled 8-yr-old niece’s friend - 29 Jan 2020
- Kaputo gets death sentence for killing Precious - 29 Jan 2020
- Maureen sues Bonanza, Wellcash Debt Recovery over botched loan agreement - 24 Jan 2020
- Suspected ritual killers turn into cats when we try to arrest them - Katanga (3,392 views)
- It’d be dangerous to give PF another 5 years under Lungu – Kambwili (2,171 views)
- Lusaka teacher gets 1 year for corruption (2,087 views)
- Chingola riots a sign of people's anger against govt lies (1,797 view)
- Kaputo gets death sentence for killing Precious (1,294 view)
- Sumaili washes hands on Seer 1: I can’t confirm if anyone got his power
- Court sets March 5 for hearing application in Kabulonga teachers, retirees’ eviction case
- Kasumbalesa man dies in shooting incident following botched mob justice
- Chanda, Soko deny receiving bribes from IMS
- ZAMRA disputes failure claim in stamping out illegal drugs
- Sinda residents stole from me instead of helping after my accident, laments Mkaika MP
- Porn addicts fail to function in marriages, says Sumaili
- Challenge me, but if you rock the boat, we’ll throw you out - Lungu
- Who is Linda, Sangwa? We can't withdraw Bill 10 because they say so - Lubinda
- Chingola riots a sign of people's anger against govt lies
ArchivesFeb0 PostsMar0 PostsApr0 PostsMay0 PostsJun0 PostsJul0 PostsAug0 PostsSep0 PostsOct0 PostsNov0 PostsDec0 Posts
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
Send this to a friend