THERE were no assets pledged as collateral by the former administration, the Patriotic Front (PF) when it obtained loans, Minister of Finance Situmbeko Musokotwane told Parliament yesterday.
And Dr Musokotwane told the House that the Kwacha was going to gain more and become stable against major convertible currencies because of the debt restricting.
PF didn’t pledge assets as collateral when obtaining loans – Dr Musokotwane
