2019 budget is sufficient to secure an IMF bailout – Kalumba


Former Finance Minister Katele Kalumba says Zambia’s 2019 national budget has laid a foundation sufficient to secure a financial bailout from the International Monetary Fund (IMF). Dr. Kalumba says the Country’s national budget could not have come up with a quiet appreciation and understanding from either the IMF or the World Bank if it was not sufficient. He thinks that either the IMF or the World Bank could have criticized the budget by now if the Zambian government was not doing the right thing in restoring fiscal stability and growing the economy.

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