Life after debt: Zambia.
Economist (US), The, July, 1995
Zambia's former economic policies backed by the World Bank and the IMF have brought it financial disaster. The worsening situation, the selling of the state copper company to a South African congregate, privatization and other new polices of Pres. Frederick Chiluba, are discussed.
THE story of Zambia is like one of those moral tales in which the hero, Mr Nice Guy, tries to be honest, does what he's told, backs off from fights, and still gets screwed by the wicked world. Hear Frederick Chiluba, the born-again Christian president: "We knew it was not going to be easy. There was no way we were going to reform the economy without pain." Too right.
He makes it sound as if Zambia spent a riotous youth and is now doing penance. But the policies that it pursued for...
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