By BENNIE MUNDANDOTHERE is need for prudence in the K10 billion set aside by the Bank of Zambia to enhance liquidity in the economy so that the money reaches the intended Small and Medium Scale Enterprises (SMEs), Lubinda Haabazoka has said.Dr. Haabazoka, who is Economic Association of Zambia (EAZ) president, yesterday told the Daily Nation that it was important that in light of the stimulus package devised, banks should lend mostly to SMEs in an effort to boost liquidity.He said in an effort to boost liquidity in the economy, certain pertinent issues must be addressed so that the country did not create another problem in the midst of challenges exacerbated by the Coronavirus spread.“The questions are; will that money trickle down to the right SMEs? Looking at the current cost of capital, which sane business owner will borrow at prevailing interest rates in this period of uncertainty? Won’t K10 billion add more pressure to the […]
Haabazoka urges prudence in K10bn spending
