Stick to mobilising resources locally, Milupi advises govt

CHARLES Milupi says the government should stick to mobilising more internally generated resources than depend on external borrowing from multilateral institutions.

Early this month, the Ministry of Justice proposed reforms to the Bretton Woods Agreement Act saying it is outdated.

Permanent secretary in charge of drafting, Patricia Jere submitted that if the Act was revised, it would perhaps give the country power to determine the terms and conditions on money it borrowed.

But Milupi, who is opposition Alliance for Democracy and Development president, said it was not possible for any borrower to set terms and conditions of borrowing.

“That is why I have always supported a fairer taxation system, for example, for those that exploit our mineral resources, such as windfall tax.