By RUTH YAMBAYAMBA
ECONOMIST Kelvin Chisanga has described as fair, the economic performance of the United Party for National Development (UPND) administration in its two years in office.
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Mr. Chisanga said the current regime came into power at a time when Zambia was grappling with debt owed to foreign and domestic creditors and has stood the test of global instability characterized by the current global recession, which has been exacerbated by the Russia-Ukraine war.
“The two-year tenure that the current new dawn government has clocked has been faced with a myriad of complementing and offsetting cases. Obviously in description, I would say it has been such an exciting and inspiring time to actually witness certain things in the economic structure of this nation.
“Obviously we know that 2021 to 2023 was initially described as a bumpy road for all of us to go through but with the fortitude and commitment that we are able to see under the UPND governance system, I think one has to appreciate first of all the good effort that the current government is trying to drive,” Mr Chisanga said.
He, however, said Government now faces the challenge of building the domestic economy hinged on policy.
Mr Chisanga advised Government to focus and reflect more on developmental policies.
He added that the country has in the last two years become more stable in terms of macro-economic indicators but is concerned about the current low liquidity, high inflation and high food prices, especially mealie-meal.
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