ABOUT THE ARTICLE: Is the IMF loan a country suicide leading to a debt overhang effect for Zambia?

In this article, an investigation is conducted to determine whether or not the international monetary fund (IMF) loan is appropriate for Zambia’s ultimate goal to attain economic growth by boosting economic activities which increase gross domestic product (GDP). With a view to this, the international monetary fund (IMF) has provided Zambia with $1.3 billion in help as part of a deal to restructure the huge debt that has destroyed the Southern African nation’s economy. In addition, the three-year initiative seeks to establish debt sustainability, generate budgetary room for necessary social investment, and enhance economic governance. Therefore, in light of the Zambian government’s endeavour, it is essential to evaluate its effects using a thorough and unbiased methodology in order to provide results that might serve as the foundation for developing suitable suggestions for policy adjustment responses. In this regard, graphical analysis, basic econometric analysis and economic theory in respect to cooperate games in game theory will be applied to enhance an overview of the current situation. Be that as it may, applications to the analysis of data in this article will be simplified as much as possible to enable a wider audience of different individuals who are non-economists, non-econometricians and non-statisticians to have an idea of important issues being discussed in the article.

 

Author: Fitzgerald Witika

Year: 2022

Publisher: fitzeconomics

By Fitzgerald Witika

Fitzgerald Witika is a luminary economist, exhibiting extraordinary talent in the realms of research and development. His distinguished portfolio boasts a trailblazing contribution to the landscape of contemporary health economics, wherein he applies the Aggregate Demand and Supply (AD-AS) model with theoretical precision to elucidate the global economic ramifications of the COVID-19 pandemic. Moreover, he is also known as the author of the book titled “Manifest the Genius in You” published in 2019. Subsequently, his contribution to monetary economics is based on the application of the quantity theory of money in explaining the outcomes of adopting Central Bank Digital currencies (CBDCs). Besides that, Fitzgerald Witika has also collaborated with many researchers around the world and contributed as well as edited book chapters in applied econometrics. Fitzgerald Witika is a consummate research consultant, whose prodigious acumen spans across a diverse spectrum of disciplines, including business research, economics research, econometric analysis, natural scientific research, academic research, and data analysis with SPSS, EVIEWS, STATA, R-software and EXCEL. His multifaceted expertise is honed by his extensive experience in providing consultancy services to both individuals and organizations, spanning a broad range of industries and sectors. With a refined skill set that blends academic and practical expertise, Fitzgerald is recognized for his ability to deliver bespoke consultancy solutions that are tailored to the unique needs of his clients. As a seasoned writer, researcher, econometrician, data scientist, and research consultant, Fitzgerald Witika has garnered extensive experience spanning numerous disciplines, particularly in economics, business, engineering, and other natural and scientific fields. With an impressive portfolio of over 150 research projects, Fitzgerald’s track record speaks to his exceptional ability to navigate complex research problems with ease and deliver cutting-edge solutions. As an econometrician, Fitzgerald has a comprehensive understanding of the mathematical and statistical models that underpin economic analysis, enabling him to leverage advanced techniques to analyze complex datasets and extract meaningful insights. His mastery of econometric tools such as regression analysis, panel data analysis, time series analysis, and forecasting has earned him a reputation as a leading expert in the field. | Economist | Author | Econometrician| Web Developer | Researcher |

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