GOVT EFFORTS NODDED

By Hector Simfukwe:

Economist Edmond Soko has welcomed government’s commitment to engage the International Monetary Fund -IMF for a lending program.

Mr. Soko says IMF lending programs are a better option as they could offer cheaper and longer financing as the country seeks to get out a protracted debt crisis.

He says the IMF credit facilities come with fixed interest rates as compared to loans from private creditors.

He has told ZNBC News that it will not make sense for government to obtain new bonds to finance old ones that are due for payment as being suggested by some quarters of society.

Mr. Soko said government should go ahead to engage the IMF as it seeks to restructure the country’s debt stock.

He said at the moment people need to provide workable solutions that will help the country revive its economic fortunes.

 

 

 

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