IMF US$184 MILLION APPROVAL WELCOME
PRESS RELEASE
We would like to welcome the International Monetary Fund’s ( IMF’s) approval of the 2025 Article IV Consultation and the fifth review of Zambia’s 38-month Extended Credit Facility (ECF) which provides immediate access to US$184 million.
As the party welcomes this noble gesture in Lusaka, we congratulate President Hakainde Hichilema for the confidence the IMF has demonstrated towards our New Dawn Government due to his diligence, resilience, commitment and dedication to hardwork which is unprecedented in our country.
We are certain that, our country is on the right path of economic recovery and long-term prosperity due to excellent leadership in place.
Our New Dawn Administration has embraced fiscal discipline which has enabled sustainability of economic growth and improvement of people’s livelihoods in the nation.
President Hichilema should continuously be supported by all well-meaning Zambians for his tireless effort in ensuring that, mines which were put on care and maintenance are fully operational including those which were shut down by the previous government and are now contributing to the economy through export after enhanced production.
Also he has redefined how the agriculture sector should be governed by introducing the Comprehensive Agriculture Transformation Program (CATSP) which is contributing to the country’s economic and social development.
There’s no sane opposition voice which can even argue about how our local currency is doing well against major convertibles as fuel pump price is been reduced and inflation rate dropping every month, owing all to the methodical and systematic way of doing things by our great leader President Hichilema.
Our Project is HH
KWENYU ✅✅
Obvious Summerton Mwaliteta
UPND
CHAIRMAN
LUSAKA PROVINCE
Does Mwaliteta understand the contents of the IMF report? Or he us just paroting sentiments that he doesnt understand.
The report is measured in its approval given our debt situation. We are skirting on thin ice when it comes to debt and it urges further Public Finance Measures and broaden our fiscal base/source. We just bearly managed to attain the bench mark with some concessions being given. So Mwaliteta is not even competent to speak on the issue and just giving a knee jerk statement. The likes of him should stick to what they know best. Grassroot organisation. Mobilisation something if they can property articulate an issue such as this is easily miscontrued by the grassroots. Ask the average Joe what this report says? They will give an answer that reflect that they dont understand.