Q FM Africa's Modern Radio
Vice president Mutale Nalumango has urged Zambians to tighten their belts for take-off and safe landing following the IMF staff-level agreement government has clinched for a us$1.4 billion extended credit facility.
Mrs. Nalumango says with the IMF agreement, the Zambian economy is expected to do well and Zambians will be smiling after two or three years.
Responding to a question by Zambezi west member of parliament Brian Kambita during the vice president’s question time who wanted to find out what message cabinet has to assure the Zambian people that the country is now heading towards having enough fiscal space following the IMF agreement, Mrs. Nalumango says the IMF deal is the remedy for the country’s economy.
she says the IMF deal will pave way for the restructuring of the country’s debt and subsequently reduce the country’s indebtedness.
The vice president says this is the only way out for the country and that Zambians should not allow to be misled.
Mrs Nalumango states that the country has been brought down economically through recklessly borrowing by the previous pf regime.
And the vice president government has no intention of having workers at Indeni petroleum refinery in Ndola laid off.
Mrs Nalumango says workers at Indeni remain in employment and are being paid even as the refinery is placed on care and maintenance.
The vice president was responding to a question by Bwana Mkubwa member of parliament Warren Mwambazi who wanted to know whether government is looking for a strategic partner in Indeni to ensure people in his constituency have a mainstay.