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IMF package key to economic revival – KK

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  • Dr Kalumba said that the IMF package was the only solution to reviving the economy which had continued dwindling.

By SILUMESI MALUMO
FORMER Minister of Finance Katele Kalumba has reiterated his call for Government to engage the International Monetary Fund (IMF) vigorously.

Dr Kalumba said the government was not supposed to be reluctant in engaging the IMF because it would be the only way to revive the economy.
The former minister said the IMF was not difficult to be engaged if correct situation of what was transpiring in the economy had been given to them.
Dr Kalumba said that the IMF package was the only solution to reviving the economy which had continued dwindling.
He said in an interview yesterday, Zambia had engaged the IMF before, therefore, there was nothing different in engaging them this time around.
“We need this IMF package as a country because what is happening to the economy is not good. We need to ensure that this economy is brought to its feet.
“The only way we can improve this economy is by seeking the package and we shall see that even the international community will have confidence in us.
“We do not need to relax on this matter because things are worsening and we cannot continue to be like this. Things need to be changed so that the livelihood of the people of Zambia can be changed unlike it is this time around,” Dr Kalumba said.
Dr Kalumba said the government should only assemble a competent team that would be able to convince the IMF delegation for the country to access the package.

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