According to President HAKAINDE HICHILEMA, the administration was able to adhere to the requirements laid forth in the IMF’s debt restructuring program.
However, according to President HICHILEMA, his administration offered the guidelines to the international organization as a stakeholder, not the IMF, who did not set them.
After the IMF disbursed the first installment of the 1.3 billion dollar contract, according to him, the conditions were satisfied.
The President claims that the Minister of Finance was his first choice for nomination to the Cabinet because of his dedication and strategy for addressing the nation’s debt problems caused by the previous administration.
The previous administration, according to President HICHILEMA, had defaulted on debt payments, which his government is currently attempting to resolve.
At yesterday’s press conference at State House, the President was speaking.