By NATION REPORTER
ACTIONAID Zambia says poverty levels will increase in Zambia due to the conditions placed by the International Monetary Fund (IMF)
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Speaking during the launch of the IMF analysis on austerity and fiscal policy program in the country in Lusaka yesterday, ActionAid consultant and researcher Ignitius Masilokwa said focusing on macroeconomic benchmarks had not helped in improving pro-poor outcomes, which has affected the growth of the country’s economy.
He said that while the IMF set targets for measuring results in relations to macroeconomic stability, the same could not be done for employment, poverty reduction and inequality.
Mr Masilokowa said it was clear from the foregoing that, IMF policies were not as pro-poor as perceived nor do they promote sustainable growth.
Meanwhile ActionAid Zambia interim country director Andrew Chikowore has said in pursuit of an equitable and stable development, government should resist austerity measures placed by the IMF.
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