The International Monetary Fund says it would like the signing of a Memorandum of Understanding over Zambia’s debt restructuring to be done faster.
IMF Director of Communications Julie Kozack said during a press briefing that there is need for speed on the matter.
“So, as you know, the IMF Executive Board approved a program, an ECF, with Zambia in August of 2022. It was for $1.3 billion. Most recently, Zambia reached an agreement with its official creditor committee on a debt treatment on June 22nd, providing sufficient financing assurances for our Executive Board to consider at the first review; and that review was completed in July of, just 2023, just a couple of months ago,” she said.
Ms. Kozack said the completion of the review reflected Zambia’s strong performance in implementing its Fund-supported program, including meeting all quantitative performance criteria, reducing inefficient public spending and creating space for increased social spending and investment in human capital.
“We are calling for advancing the debt restructuring properly, and we hope that a Memorandum of Understanding is completed soon so that the implementation of the debt treatment can proceed quickly,” she added.
Ala kanshi taba saina. No wonder someone went to China
We know what they’re waiting for. Official government’s position on gay rights. Once that is done fikasaina same day.
Now that an agreement has been reached, the terms will be further described and formalized in a Memorandum of Understanding between Zambia and its official creditors, which will then be implemented through bilateral agreements with each member of the Official Creditor Committee.
Taba saina, niba kelenka
Yet they have been blowing their own horns about how they have solved PF’s debt crisis and everything is now smooth. Politicians! They are weaved from the same cloth of lies and lies and lies
What is the official Creditor Committee?
#2.8 Why would country force another country what type of s&x to adopt?
And why is it so important to have abnormal s&x
But the China trip never discussed the debt realignment. Only the other day, the Chinese diplomat mentioned the USD3 billion investment to Zambia. IMF also lied to us that the IMF loan was for our debt negotiations. Of lies, by lies, for lies. Liars.
How many times have you been told that these people are not your friends? They take over 400 years to listen to you but want you to sign your life away in seconds. I hope the dribbler has finally found his right leg to score goals with instead of the two left legs.
Agulisa chalo chatu uyo chicarla hh. Fuseke !!
“The only white man you can trust is a dead one” – Comrade Bob
When will you listen to your ancestors. Let us just work on our own.
With your attitude you need to go back to trees and advance at an African rate
the World is too fast for you dumb dumbs
Which African lives or lived in trees you fake muzungu?
Yes,Tikki.These dumb azzes fail to distinguish between official debt and private debt.Yet again,DejaFOOOOL has led the way.Very dull
IMF does more harm than good…..lets just develop Zambia on our own
Hasn’t 60 Years been enough for to develope on your own ???
Just like the National Budget…it clearly says “Government proposes 179 billion kwacha Budget” and you see Praise singers Lumbani Madoda Spaka and TIKKI jumping up and down….ITS JUST A PROPOSAL and most of the times the Government fail to meet the Budget Proposals
I told Spaka that piece of paper called BUDGET is not different from shinda paper until it works…. shinda paper is even better because it works all the time.
So nothing was signed yet some monkeys have been singing songs like they won the game. With fuel now at K31/liter, we will see what the praise singers will be singing about. I now understand why they get so worried when Lungu is jogging. By march 2024, mealie meal will be at k600 since from what they said during budget presentation, they have no solution on mealie meal and fuel prices. I can not even talk about medicines in hospitals right now. A failed tribal government. They have managed to increase CDF and have transferred the duties of RDA to their cadres. You think the likes of Imenda can build a road?
Praise Singers have no worries… CDF is at their disposal any time.
Umusungu temunobe. The white people are only interested on what they have always been interested in Africa since slavery times. Stealing from Africa! Whenever Stumbeko Musokotwane reached a critical point during the budget presentation, a point that concerns the Zambian people, he will swallow his words. He will speak very clearly and repeat himself when he reaches a point to praise his little god and the tribal gang. Zambian people are now cattle on the farm. They will eat when the herder wants to feed them and what he feeds them
Walikwata data mune.
Who ever trusts whatever comes from the mouth of the politicians is foolish and not wise
@TIKKI
Yes for 60 years we had demagogues as Presidents and now we have another Demagogue as President the Supreme leader Ayatollah Bandit Hakainde Hichilema
You see the President Globetrotting around the world wasting tax payers money….at the same time we go and beg bazungu for Kaloba…..we have enough natural resources to develop Zambia but we prefer to give it away in exchange for breadcrumbs…
Spaka and TIKKI are economical refugees and they will never move back to Zambia
EVOLUTION TO SOME ON HERE DONT UNDERSTAND HOW HUMANS EVOLVED
YOU STILL BELIEVE YOUR GOD SAID ABRA CADABRA AND WE SUDDENLY APPEARED
Don’t divert