Loans to pay loans is not a silver bullet

Saturday, 18 November 2023 00:00 - - {{hitsCtrl.values.hits}}

Getting more loans, to settle other loans and pay for your daily bread is not progress.
It’s an inevitable part of a Government’s day job – compounded ‘payback’ for past actions and inactions.
What ought to be done is to build the national capacity to repay the loan.
The people are inherently capable to deliver – if there is an enabling environment.
This requires significant improvements in governance, job-focused education and digital transformation – then translating these to forex earnings.

MTI Strategic Reflections: Hilmy Cader

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