Economy recovery not dependant on IMF-Mulusa

By Isaac Mwandela Nsoneka Development Planning Minister Lucky Mulusa believes Zambia’s economy can stand strong without the intervention of the International Monetary Fund(IMF).

He said the  coming on board of the International Monetary Fund(IMF) to bailout out  Zambia financially  is merely an investment perception and that Zambians  must understand that the country’s economy will remain strong.

“Insinuation that the country’s economy hang in the thread of IMF are false,” Mr Mulusa.

Speaking when he appeared on the Patriotic Front PF Interactive Forum at Chrisma Hotel in Lusaka , The former Movement for Multiparty Democracy MMD Solwezi Central Member of Parliament expressed dissatisfaction at the manner in which Zambians are debating the IMF issue.

Mr Mulusa  said government had put in place stringent measures to make sure that the country’s economy remains functional in an event that the lending deal with IMF deal fails to materialize, stating that some of the interventions include the systematic manner in which development will be rolled out to all parts of the country.

He also said government intends to intensify its efforts towards decentralisation of all parts of the country which will see each of the Ten Provinces produce its own Gross Domestic Product (GDP) and in turn generate income for the country.

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