Zambia needs sound economic policies-CAPIZ

The slow economic development in Zambia is due to poor and inconsistent policies that are being pursued by PF government, says Christians Against Poverty in Zambia (CAPIZ) president Gregory Chileshe.

Mr Chileshe said economic development in Zambia would remain stagnant for as long as there were no definite and predictable policies.

He said currently Zambia did not show a clear direction of her policies because the people involved in the management of the economic affairs did not believe in consulting stakeholders.

Mr Chileshe said there was need for constant consultations if good policies were to be developed in all the sectors to improve the economy of the country.

“If they are good policies that allow the freedom of offering checks and balances both by the public and the opposition parties, there will be speed and accuracy in answering the cries of the people for a robust economy, and this means the people will dictate the direction of development,” he said.

Mr Chileshe said at the moment the people were anxious because of unstable currency that had continued to depreciate, forcing the prices of goods and services to go up.

He explained that the reversal on economic gain due to the depreciation of kwacha against major convertable currencies was economic sabotage.

He said the cost of living had risen sharply in the last two months, placing an unbearable burden on the working community.

Mr Chileshe said despite financial and economic analysts and various stakeholders having explained the reasons behind the depreciation of the kwacha, their explanations were full of inconsistencies.

He said the cost of living in Zambia was not stable because of abrupt increases prices of essential commodities because of the depreciation of the Kwacha.

“It is evident that the increase in fuel prices and electricity tariffs simply means that the standard of living will not improve,” he said.

Mr Chileshe said government was departing from its lower taxes policy it campaigned on and wondered how the vulnerable in society would live.