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by Caesar Cheelo and Pamela Nakamba-Kabaso
Recently, a heated debate has raged on about whether or not Zambia needs International Monetary Fund (IMF) support for its Economic Stabilization and Growth Programme (ESGP) dubbed Zambia Plus. Different observers have taken divergent positions on the matter.
By Florence Banda-Muleya
On the morning of 24th April 2017, Zambia Revenue Authority (ZRA) announced that it had declared a tax amnesty. This undertaking showed that Santa had come early and was not being discriminatory!
As debate continues about the need for an IMF-supported Economic Recovery Programme, ZIPAR states that as well as ensuring short-term economic stability, Zambia must plan to create more and better jobs in the long-term. Central to any jobs plan should be agriculture and promoting access to new export markets for agri-businesses – this has the potential to provide a new engine for future jobs and economic growth in Zambia.
by Pamela Nakamba-Kabaso and Caesar Cheelo
For many Zambians today, an IMF-aid deal must feel like being forced to live and share quarters unwillingly with a foe. Those who are old enough to recall the Structural Adjustment Programmes (SAPs) of the 1980s and 1990s often recount how the stringent conditionalities of the IMF and the World Bank brought untold hardships and misery to Zambia.
Without a home grown economic recovery plan supported by an IMF loan there will be significant adverse consequences for Zambian households and the Zambian economy, says the Zambia Institute for Policy Analysis and Research (ZIPAR) in a policy paper published today.
Malindi Msoni & John Mututwa
The Minister of Finance, in his 2017 National budget address to the National Assembly, made reference to the Government’s commitment to scale-up social protection programmes, to shield the most vulnerable in society from the negative effects of the Zambia Plus economic recovery programme.