Government loans manageable-Yamba

GOVERNMENT is not under any pressure to repay the loans, Secretary to the Treasury Fredson Yamba has said.
The Secretary to the Treasury was speaking after reading a communiqué on the joint Government-Civil Society Organization National Symposium on Sustainable Development in Lusaka.
Mr. Yamba said Government was able to pay back the interests while the loans were running without any pressure, contrary to misleading speculations in some sections of the media.
He said Government would not allow poverty levels to continue increasing but secures loans to provide basic needs in various sectors such as education, health, energy and roads.
Mr. Yamba adds that public goods provided by Government are critical in poverty reduction as majority of the poor in rural areas are in need of them.
And reading out the communiqué, Mr Yamba said Government and the civil society organizations at the just ended symposium on sustainable development resolved among others that there was need to improve macroeconomic indicators and translate them into social outcomes to attract investment.
Mr Yamba said the two parties recognized that though much progress had been achieved on the economic agenda, gains had not translated into poverty reduction in rural areas.
“We also reiterated need to reorganize the institutional arrangements and legal framework for the achievement of equitable and sustainable development objectives,” he said.
According to Mr Yamba, the two parties also identified need to shift from a sectoral-approach of planning to a multi-sectoral for efficient and effective development planning delivery.
Mr Yamba added that the two reiterated the need to move from raw agriculture based economy to an industrial one among all stakeholders and entities.
“It was therefore resolved to develop a coordinated and comprehensive framework,” he said.
He said development issues such as gender, disability, youth and nutrition need to take prominence in national development towards attaining Vision 2030.
Mr Yamba said the parties committed themselves to play their respective roles in ensuring planned reforms were implemented as a catalyst of speeding national development. He said they also adopted the youth in future in data collection and analysis with emphasis on disaggregation to ensure informed and comprehensive development.
Meanwhile, Civil Society for Poverty Reduction executive director Kryticous Nshindano said the private sector would continue to provide solutions to policy-makers for the benefit of development.
Mr Nshindano said the civil society recognized that poverty was still a challenge in Zambia and that was why they would continue to work with the Government to help reduce poverty.
“We shall continue to provide positive criticism to Government so that we can work together in national develop0ement issues, such symposium like the one we had are very vital in exchanging development ideas,” he said.
He said it was important for the private sector to collaborate with Government in providing national ideologies because neither Government nor the private sector could handle development on their own.

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