By SENIYA BANDA
ZAMBIANS must tighten their belts following the deal with the International Monetary Fund (IMF) which was necessary as Zambia needed international credibility to attract more foreign investment, Vice President Mutale Nalumango has said.
Recently, Government and IMF reached staff level agreement on $1.4 billion on a three-year extended credit facility
rs. Nalumango said Zambians need to tighten their belts for safe landing as benefits of the IMF deal will be seen in the next three years.
She has also refuted claims that the UPND said they will never borrow once they came into office, stating that Government will borrow reasonably and from the right sources.
Ms. Nalumango was responding to a question from Zambezi East Member of Parliament Brian Kabwita, who was seeking Government‘s clarity on the IMF deal to clear fears among citizens of the hardships that will come with the package.
Meanwhile, Ms Nalumango said the government had no intention of laying off workers at the Ndola-based Indeni Refinery following the company being placed on care and maintenance.
She said the government will not lay off any worker at the refinery but ensure that the company is restructured for effective operations.
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