MWAMBA WANTS IMF TO APOLOGIZE FOR IMPOVERISHING AFRICA
By Pesulani Mwale
Zambia’s former Ambassador to South Africa and Ethiopia, Emmanuel Mwamba, has drafted a Memorandum of Demand to the International Monetary Fund-IMF for them to apologize for what he describes as harmful programs that have impoverished Africa.
Mwaba notes that Structural Adjustment Programs-SAPs undertaken by the IMF between the 1980’s and 2000, even in current times, have left many African countries in huge debt, without industries and an unemployed citizenry.
Arriving from South Africa, Tuesday afternoon, Mwamba procceded to the University of Zambia where IMF Managing Director, Kristalina Georgieva, was addressing a Town Hall meeting.
However, the former diplomat found that the meeting had concluded, but vowed to deliver his demand wherever she will have any public discourse in the country, failure to which he will submit it to the IMF offices in Zambia.
Mwaba stated that despite the IMF seemingly promoting domestic solutions by nations involved, their interests still remain that of self-benefit.
Meanwhile, Mwamba took time to interact with some individuals who attended the meeting with the IMF, with some expressing disappointment that the financial institution failed to disclose its conditionalities to the1.3 billion US Dollars loan given to Zambia.
One of those talked to accused the IMF Managing Director of being enotional in her responses, noting that at one point, she told an individual who had asked a question that IMF does not belong to their grandmother.
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