Washington, DC: “In response to media inquiry regarding the recently announced change in leadership at the central bank of Zambia, an IMF spokesman made the following statement:
“We note the change in leadership announced over the weekend at the Bank of Zambia before the end of the previous Governor’s mandate.
“The macroeconomic stability that most developing countries have enjoyed in recent years has greatly relied on the much-improved effectiveness and increased independence of central banks. It is imperative that central banks’ operational independence and credibility is maintained, particularly at this critical time when economic stability is threatened by the COVID-19 pandemic. Without credible institutions and sound policies, sustained economic growth and much needed improvements in living standards will not be possible.”
IMF Communications Department
MEDIA RELATIONS
PRESS OFFICER: Lucie Mboto Fouda
Phone: +1 202 623-7100Email: MEDIA@IMF.org
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Comment 1
Why then a lower Holder position in privatization, instead of ,frontliners and people who had full responsibility in front role seat. For me its my first time to see opposition fighting fellow opposition what was the meaning of forming their opposition, instead of just joining the ruling party.The answer is simple stomach ,money was used to make some one start dreaming daylight.