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IMF not to blame

    JOHANNESBURG

    The chairman of the Zambia Chambers of Commerce and Industry (ZACCI), George Chabwera, has said that International Monetary Fund (IMF) should not be blamed for Zambia’s economic problems. Speaking at a meeting between visiting IMF first deputy managing director, Stanley Fischer, and civil society representatives in Lusaka, ‘The Post’ on Tuesday quoted Chabwera as saying the fault lay with government policies.

    He said African economies were adversely affected by inconsistent economic programmes. “We have been under the Structural Adjustment Programmes for the last 15 years which is now being called poverty reduction,” he said. “Just when is this see-saw going to end?”

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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