GODAZA hail Hichilema’s IMF deal
By Francis Chipalo
Zambia’s deal with the International Monetary Fund (IMF) is seen as a significant step towards economic stability and improved financial health.
And Governance and Development Advocates Zambia (GODAZA) has praised President Hakainde Hichilema’s leadership in securing the agreement, which is expected to ease the cost of living, stimulate job creation, and attract investor confidence.
In a statement, GODAZA Executive Director Elias Mulenga expressed admiration for President Hichilema’s leadership in guiding the nation towards economic stability.
Mulenga stressed that the deal represents a turning point for Zambia’s financial health and the welfare of its citizens.
He emphasised that the President’s diplomatic efforts have opened doors for debt restructuring and renewed investor confidence.
Mulenga observed that improved access to international markets will create broader opportunities for Zambians.
He noted that the agreement is expected to ease the cost of living and stimulate job creation.
Mulenga further remarked that businesses stand to benefit from a more predictable economic environment.
He indicated that social services delivery will also gain momentum as resources are better managed.
Mulenga affirmed that GODAZA stands firmly behind the President’s vision for national development.
He also reiterated that the organisation anticipates continued progress under this new economic chapter.
The IMF deal is part of Zambia’s efforts to restructure its debt and achieve macroeconomic stability.
The country has made progress in reducing inflation and rebuilding reserves, with growth projected to average 5.6% in 2026-31.