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NAGRAT calls on govt to abort debt exchange programme



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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