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.

For more details, tune in to Byta FM 90.3/100.3/101.9 or http://radio.garden/listen/byta-fm-zambia/YsDAFNNN

1 COMMENT

  1. Mwamba is being silly. how come he wants the IMF to apologize today when his own party, the PF, was fawning for US$1.3 billion loan from the same IMF? Would he have done that had PF won the 2021 election? ALL ZAMBIANS SHOULD BY NOW BE CONVINCED THAT THE PF HAS CONFUSED LEADERS. IF IT REFUSES TO RE-BRAND BY ELECTING THE SAME OLD TERRIFYING FACES, IT SHOULD BE UTTERLY REJECTED IN 2026.

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