Government Advised To Quickly Respond To The IMF Board Assessment Report

By Lomphande Muzumi

An Economist Chibamba Kanyama has advised finance Minister Bwalya Ng’andu to quickly respond to the international monetary fund-IMF- board assessment report on Zambia.

Last week the IMF Executive Board concluded its 2019 article IV consultations with Zambia in which the directors welcomed the recent monetary tightening measures by the bank of Zambia-BOZ- and underscored the important role for forward looking monetary policy in securing macroeconomic stability.

In an interview with Phoenix News, Mr Kanyama says Zambia needs to address the issues raised by the IMF and assure the global market that it is in charge of its economy.

Mr Kanyama explains that the IMF is expectant of zambia`s position on its report and the steps that the country will take going forward.

He further says Zambia has to inform the IMF on whether the austerity measures the government put in place are yielding the intended results.

PHOENIX FM NEWS

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