By Tinkerbel Mwila
Private sector development association Chairperson Yusuf Dodia has called on government to speed up measures that will sharpen chances to clinch the long awaited international monetary fund –IMF- bailout package.
Mr. Dodia is of the view that doing so will help the country’s economy to recover at a faster rate as opposed to the current situation.
He told Phoenix Business News that the US$1.3 billion sought after by Zambia from the IMF would help in reducing the increasing high cost of production and doing business.
Zambia has been pursuing a US$1.3 billion financial bailout from the IMF for over three years but the IMF has stressed the need for a large, front-loaded and sustained fiscal adjustment that would help set debt on a downward path and reduce domestic arrears.
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