Q FM Africa's Modern Radio
Green Party President Peter Sinkamba says his party will introduce a government Index Linked Pension Investments Scheme when it forms government in which all pensions will be dollar-invoiced.
Mr. Sinkamba says the Green Party will also review the real rates of return being paid on pensions noting that these are currently still very low.
He says in the same regard, his party in government will review the pensions with 2013 as the base-year and the dollar rate to be applied will be the rate obtaining as at January 2016.
Mr .Sinkamba says the Green Party also takes cognizance of the fact that inflation is now being driven by new factors such as the world prices of oil and food, a carbon price to address climate change, and shortages of key resources.
He says these cannot easily be controlled by changing interest rates which is one tool relied upon by the Bank of Zambia.
Mr. Sinkamba has since proposed a broader and more balanced approach to monetary policy, including better coordination of monetary and fiscal policy and economic policies to minimize the effects of resource shortage driven price shocks