PMRC calls IMF Bailout package inevitable

Ruth Chayinda-Policy Monitoring and Research Centre -PMRC- says the International Monetary Fund bailout package is inevitable for the country to solve its debt crisis.

PMRC Executive Director BERNADETTE DEKA says the UPND administration’s decision to work with the IMF will see the country restore confidence in the management of economy.

Ms DEKA said this in an interview with ZNBC news in Lusaka.

She said there is however need for transparency between Zambia and the IMF as both parties continue to carry out negotiations.

Ms DEKA further noted that there is need for Zambians to understand what is contained in the IMF bailout package and how best the country will undertake the measure outlined in it without affecting the social sectors.

And Ms. DEKA said it is the hope of PMRC that Government continues on a trajectory of putting measures in place to enhance progressive debt management and recovery of the economy.

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