Government says a news article which appeared in the Daily Times of
Minister of Finance, Economic Planning and Development, Dr Goodal Gondwe said this during a Media briefing at Parliament in
Gondwe told the media that the article had misrepresented what he said.
"The reports that we have dumped the ERP instituted by the previous government are not true. I was asked to comment on the ERP and what I did say is that a number of parts, the most important one is that of borrowing has not worked," he said.
He said the floating rate and interest rate and a number of other short-term programs are prescribed by the
He however said they were some areas in the ERP which did not work and that the current government would discontinue them.
"We will take the parts of that program which are good and we will continue with them, but those that are not like the over borrowing which has taken place, will not be followed," he said.
Gondwe was speaking at the end of the first meeting of the 45th session of parliament in
Parliament has since adjourned sine die.
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