Be careful with IMF bailout, Dodia cautions govt

The Private Sector Development Association (PSDA) has cautioned government to be careful with the International Monetary Fund (IMF) bailout conditions to avoiding affecting the growth of the private sector.

Yusuf Dodia

PSDA Chairperson Yusuf Dodia says the austerity measures the IMF is proposing such as the removal of subsidies on energy maybe too hash for the private sector to flourish.

Mr. Dodia says any changes to the prices of fuel and electricity will undermine the efforts by the private sector to flourish.

And Mr. Dodia has encouraged the government to invest massively in the railway system in order to bring down the cost of transportation of goods and services.

He says currently the nation largely depends on trucks for transportation of goods which is quiet expensive.

Mr Dodia notes that if the railway transport can be revamped, the cost of transportation of goods and services is likely to be reduced by about 80 percent.