Yes we shall remove all subsidies, Lungu confirms

Yes we shall remove all subsidies, Lungu confirms

We will remove fuel, farmer input support and all other subsidies immediately after elections, Edgar Lungu has confirmed to Bloomberg.

Zambian President Edgar Lungu has pledged to remove or reduce energy and agricultural subsidies as part of a loan deal with the International Monetary Fund that could top $1.2 billion, his spokesman said.
“Straight away when the IMF program begins, subsidies will significantly go down in the energy sector,” Amos Chanda said in an interview on Wednesday. “The president has promised to move rapidly to either completely do away with subsidies or progressively reduce them.”

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