Govt Advised To Be More Consultative On Economic Policy Reforms

By Balewa Zyuulu

 

The Centre for Trade Policy and Development (CTPD) is calling on the government through the Ministry of Finance to consider building local consensus on the key economic reforms it plans to institute while engaging cooperating partners for technical or financial support.

CTPD Executive Director Isaac Mwaipopo says this is critical for the new dawn administration to take a more consultative approach in their work as some of the policy promises they made might need adjustments for them to deliver inclusive development.

Recently Ministry of Finance held consultation meetings with the International Monetary Fund (IMF) and that the ministry accorded the IMF team an opportunity to share their views on the 2022 national budget and priority economic reforms outlined in the 2022-2024 medium-term

expenditure framework.

But Mr. Mwaipopo says as valuable as these discussions have been, CTPD thinks that government should prioritize building consensus with its people on all key economic policy reforms as the people are the ones who get to live with the consequences of policy actions, good or bad.

He says given that the ultimate bearers of any conditionalities that may characterize an IMF deal, the center holds the view that, consolidating local consensus on this matter would catalyze the implementation of such a program, with more support from the locals.

Mr. Mwaipopo has also observed with concern inconsistencies in the statements on the stock of public debt, hence urging the government to avoid giving premature statements on the state of public debt.

 

PHOENIX FM NEWS

You might also like More from author