Let’s continue engaging each other – President Lungu tells IMF

Zambia has put in place measures aimed at improving the economy

State House… Thursday November 14, 2019 (SMART EAGLES)

President Edgar Lungu has observed the need for the International Monetary Fund (IMF) and the Zambian government to continue contacting and advising each other on some of the economic issues.

Speaking when the IMF team paid a courtesy call on him at State House Thursday morning, the Head of State said with the coming of the team to Zambia, they should endeavor to find the conclusion to some of the problems.

The IMF team comprised of IMF African Department Advisor Dan Ghura and IMF African Department Senior Economic Advisor Kadima Kaloji.

“In fact the elephant in the room is the IMF’s visit to Zambia, what measures have they brought, what proposals are they making. So I am glad you are still going through the numbers and at the end of tour of duty certainly something will come up,” said President Lungu.

President Lungu informed the IMF delegation that the government will also brief them on the measures put in place to improve the economy.

And briefing journalists shortly after the meeting, Finance Minister Hon Dr. Bwalya Ng’andu said government and IMF will assess where the country is after which, they will design a programme of intervention which will be agreed by both parties.

“The position now is that, we have three people from the IMF, the team constitutes what we call ‘scooping mission’ and their job for the next five or six days is to look at the macroeconomic numbers. Based on these numbers, we shall sit with them with the view to develop macroeconomic framework to take us to where we think we should be,” said Dr. Ng’andu.

And IMF African Department Advisor Dan Ghura said the team is in the country to update on the information on the economic situation and policies in the country.

He said the team will leave on Tuesday next week after issuing a comprehensive statement on its findings.



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