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Monday, 12 January 2009

IMF to the rescue?

The IMF today came out in defence of keeping the current mining fiscal regime, after much bullying from the mining companies. The IMF is keen for Zambia to focus on infrastructure spend and diversification rather than focusing on tax breaks for one sector (see previous statement here).

3 comments:

  1. The IMF is keen for Zambia to focus on infrastructure spend and diversification rather than focusing on tax breaks for one sector

    The IMF is Learning By Doing. Well at least this is an improvement.

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  2. lol!

    Yes, the paper we discussed from the Growth Commission, appears to be shaping their thinking on development. It emphasises infrastructure and education.

    ReplyDelete
  3. Is it really evidence of learning, or just knee-jerk adherence to the status quo because they haven't thought of anything to say? I sometimes wonder if African policy is just an afterthought in every IMF meeting . . .

    ReplyDelete

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