THE ZAMBIAN ECONOMY IS PERFORMING BADLY NOW THAN IT USED TO BE UNDER PF – AMB. MWAMBA
… says the cost of living as extremely gone up and Zambians are finding it hard to survive.
Lusaka … Tuesday, March, 01, 2022 (Smart Eagles)
PF senior member Amb. Emmanuel Mwamba says the Zambian economy is performing badly now than it used to be under the PF Government.
Speakig when he featured on ‘ Let the People Talk’ program on Radio Phoenix this morning, Amb. Mwamba said the cost of living has extremely gone up and Zambians are finding it hard to survive.
He said according to the JCTR’s recently published national food basket, the cost of living for a family of five has gone up to slightly over K9,000.
He said the New Dawn Government should have explained to the people of Zambia the consequences of signing the International Monetary Fund, IMF bailout package.
Amb. Mwamba said its not the duty of the opposition to explain to the people the contents of the IMF deal.
He said the IMF package has brought untold suffering among the Zambian people.
Amb. Mwamba adds that the recent fuel increment is one of the conditions contained in the IMF deal signed by the UPND Government.
” IMF bailouts have huge impact on people’s livelihoods. In any economy there is room for subsidies. The current fuel price is not cost reflective. During the oubreak of the pandemic the PF government suspended taxes on Petroleum products. And previous governments have been implementing the Uniform Pricing of fuel that is why fuel prices are the same in any part of the country. IMF has now imposed taxes on Petroleum products and these monthly price reviews, Government is just skirting around the problem and making the people suffer more ” Amb. Mwamba said.
” The IMF deals with you like a company. They are good on paper but have huge impact on people livelihoods. Government should have explained the consequences of the IMF deal to the people and not leave it to the opposition leaders to explain, ” He adds.