Lusaka, 22 January, 2023 / 8:25 pm (ACI Africa).
Officials of the Civil Society Organization (CSO) Debt Alliance are hoping that the International Monetary Fund (IMF) will use the visit of its Managing Director to Zambia “to provide some detailed information” about the country’s debt restructuring process.
In a statement read out by the CSO Debt Alliance’s Chairperson, Fr. Alex Muyebe, the officials say the January 21-23 visit of Kristalina Georgieva is a good gesture that may lead to unlocking bottlenecks in Zambia’s debt resolution.
“From this visit, we hope that the IMF will be able to provide some detailed information on the current position of debt restructuring in Zambia,” officials of the organizations that include the Jesuit Centre for Theological Reflection (JCTR) and Caritas Zambia say in the Friday, January 20 statement.
They say that they are also expecting that the visit will be an opportunity for the issuance of a “comparative analysis of similar debt-laden countries.”
Officials of the civil societies also hope that the IMF will provide insights into how governments can best address reform fatigue among their respective citizens.