Category Archives: IMF

IMF Bailout: A Strangulation of Zambia’s Future. 

“Debt is a cleverly managed reconquest of Africa.” “He who feeds you, controls you.”
Even at gun point, I refuse to accept that borrowing money from the IMF at the detriment of Zambia’s future is part of their mandate. Their mandate is to think of alternative sustainable ways to resuscitate the economy, as opposed to rushing to the IMF for a bailout that strangles the country’s future especially the poorest citizens. A government that cannot think of alternative ways to regrow the economy apart from borrowing from these money-lending institutions is not fit to hold public office. It is now clear, our ministers are appointed, not to think on behalf of the ministries they lead, but to ceremonially occupy such positions while shamelessly enjoying free housing, transport, electricity, airtime, state security and gallivanting around the globe at the expense of taxpayer’s money. Lusaka Times