Thu, 28 Sep 2017 13:01:34 +0000 By BENNIE MUNDANDO THERE is need for us to re-assess and re-position ourselves to manage our sovereign debt in the wake of rapidly changing global economic environment which has brought fiscal vulnerabilities to the fore, Finance Minister Felix Mutati has said. Mr. Mutati said volatile exchange rates, subdued commodity prices and declining capital flows amidst increasing financing needs had continued to be serious issues that both emerging and developing countries were grappling with hence the need to take precautionary decisions. He said the country had been faced with serious challenges of how to select an optimal mix among various financing options, with varying cost and risk characteristics, amidst a volatile environment, and how to ensure debt sustainability in the long-run. “Notably, the increase in direct or indirect contingent liabilities, coupled with an increase in various financing options which provide an enticing alternative financing source to traditional sources of financing […]
