Government Urged To Demonstrate Commitment To Economic Recovery

By Patricia Mbewe

 

A Trade Policy and Development think tank is urging government to demonstrate it’s commitment to economic recovery.

Zambia is currently in an economic recession with growth slowing to around 3 percent and inflation increasing to well over 12 percent.

Centre for Trade Policy and Development-CTPD- Executive Director Isaac Mwaipopo says his organization welcomes government’s move to proactively share information concerning the current state of the Zambian economy but looks forward to realistic, actionable strategies and real commitment to economic recovery as opposed to the economic rhetoric and mere pronouncements characterised in the 2020 national budget.

Mr.

Mwaipopo states that it is well known that the current state of affairs is due to both internal factors such as poor public debt management and external factors such as falling copper prices and increased oil prices on the international market.

He has told Phoenix News that CTPD therefore expects the ministry of finance to outline strategies that government seeks to take to reduce the impact of such external shocks on the Zambian economy as well as measures to correct internal factors.

Finance Minister, Bwalya Ng’andu will tomorrow hold a media briefing on economic affairs.

PHOENIX FM NEWS

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