The National Association of
Graduate Teachers (NAGRAT) is calling on government to abort the Domestic Debt
Exchange Programme.
Since securing a staff-level
agreement with the IMF, the government has been working with stakeholders to
get them to subscribe to the debt exchange programme.
Some groups have fiercely kicked against the DDEP arguing that it will affect their livelihoods.
Speaking to Citi News, NAGRAT President, Angel Carbonu urged government to halt the domestic debt exchange programme and explore alternative means of solving the country’s economic challenges
“The DDEP shouldn’t have started at all, it’s a non-starter programme, the government should have looked for other innovative means to make up for its own balances. This DDEP thing is strange to our economic lexicon, now look at what is happening.
Elderly citizens of this
country who have sacrificed their lives are today those who are picketing at
the Ministry of Finance. We will call on the government to abort the DDEP all
together,” Mr. Carbonu appealed.
The Finance Minister is scheduled
to appear before Parliament on Thursday, February 16, 2023, to brief the House on
the DDEP
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