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PURSUING JUSTICE AND EQUITY WITH INTEGRITY Vol. 6. Issue 26466 Price K10
Friday July 10, 2020
COVID CRISIS COMING - IMF By BUUMBA CHIMBULU
T
HE International Monetary Fund (IMF) has predicted a second major global Covid-19 outbreak next year which will cause more damage to economies, including Zambia’s.
City Market workers protest dismissal of Manager. on P2
According to IMF, the pandemic will lead to increased bankruptcies, especially in emerging markets. It said disruptions to domestic economic activity in each country in 2021, would be roughly one-half the size of what was already in the baseline for this year. This is contained in the
Police warn cadres. P3
City Market Workers who stormed Daily Nation offices yesterday. - Picture by MUKWIMA CHILALA
June 2020 IMF World Economic Outlook Update under the theme “A Crisis Like No Other, An Uncertain Recovery.” As a result of the second outbreak, the IMF said, there would be additional tightening in financial conditions in 2021, relative to the baseline. To Page 3
Malawi new president shocks with family cabinet appointments LILONGWE - Malawi’s new President Lazarus Chakwera has named relatives as ministers in his new cabinet, sparking criticism. The president’s former running mate in the 2019 elections Sidik Mia has been appointed minister for transport while
his wife Abida Mia is the deputy minister for lands. Kenny Kandodo is the new labour minister while his sister Khumbize Kandodo is the health minister. See Page 15