Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

2014-07-11 21:47 AFRICA NEWS

Read more

MEDIAWATCH

Finally, a good use for new app "Yo"

Read more

THE WORLD THIS WEEK

The World This Week - 11 July 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - 11 July 2014

Read more

REPORTERS

Exclusive: an unlikely victim of the 'War on Terror'

Read more

#THE 51%

Sweden: A Feminist's Paradise?

Read more

FRANCE IN FOCUS

Politics: parties under pressure

Read more

FOCUS

In Burma, the rise of radical Buddhism

Read more

ENCORE!

Haute Couture: the hand-stitched clothing made in Paris that sells for the price of small yachts

Read more

  • Amazon snubs French free delivery ban with one-cent charge

    Read more

  • Exclusive: an unlikely victim of the 'War on Terror'

    Read more

  • Netanyahu resists international pressure to stop air strikes on Gaza

    Read more

  • Magnitude 6.8 quake, small tsunami hit east Japan

    Read more

  • The third-place playoff: the World Cup game no one wants to play

    Read more

  • Suspect in Brussels Jewish Museum shooting drops extradition appeal

    Read more

  • Kurdish forces take over two oilfields in northern Iraq

    Read more

  • Are French high school students getting smarter?

    Read more

  • Italy’s Trentin wins seventh stage of Tour de France

    Read more

  • Disgraced Suarez leaves Liverpool for Barcelona

    Read more

  • In pictures: Chanel, Dior and so much more at the Paris couture shows

    Read more

  • French ‘Civic Service’ eyes massive expansion amid huge demand

    Read more

  • In Pictures: Petrol station hit by Hamas rockets

    Read more

  • Manhunt as FIFA partner flees Rio hotel to avoid arrest

    Read more

  • Video: Palestinians fear full Israeli military offensive in Gaza

    Read more

Zambia's future uncertain

©

Latest update : 2008-08-20

Zambian President Levy Mwanawasa's died at age of 59 in a French hospital on Tuesday, leaving vice-president Rupiah Banda as his successor. New elections should be help in the next three months.

LUSAKA - Zambia will maintain its prudent macroeconomic policies following the death of the country’s President Levy Mwanawasa, Finance Minister Ng’andu Magande said on Tuesday.

Mwanawasa, 59, who was well-respected among donors for policies that have helped boost growth and for clamping down on corruption, died in a French hospital after suffering a stroke in June.

”It’s indeed a tragedy because he was a good captain, but I am sure another captain will be found to steer the ship,” Magande told Reuters.

”The good thing is that he taught all of us how to govern this country with integrity.”

Zambia’s economy has averaged 5 percent growth over the last six years and the inflation rate declined to single digits in 2006 for the first time in over three decades, although it has accelerated recently on higher global fuel and food prices.

Zambia did not need political changes and would focus on boosting economic growth, he said.

”We have never had it this way since we gained independence and nothing will really change, everything looks positive,” Magande said.

Zambia’s kwacha currency fell as much as 3 percent on news of Mwanawasa’s death.
 
The International Monetary Fund and other Western donors extended billions of dollarsindebt relief to Zambia after Mwanawasa curbed government spending and launched the biggest anti-corruption drive since independence from Britain in 1964.
 
”We will surely find someone wearing the same team shirt and macroeconomic policy will continue the same way,” Magande said. ”Economic transformation will continue so we can sustain our political and economic gains.”

 

Date created : 2008-08-19

Comments

COMMENT(S)