There shall be no employment, wage freeze despite IMF programme – Musokotwane

FINANCE and National Planning Minister Dr Situmbeko Musokotwane says there will be no employment and wage freeze despite the staff-level agreement reached with the International Monetary Fund (IMF). Government and the IMF mission to Zambia have reached a staff-level agreement on a programme under IMF’s Extended Credit Facility that envisages provision of financial support of US$1.4 billion over the next three years. Speaking during a joint press briefing, Monday, Dr Musokotwane said Zambians should not be concerned about the conditions that would be attached to the IMF programme, further assuring that government would not implement harsh measures on citizens. “The issue of employment and wage freeze, let me tell you that many of the people that you see here, we…...