Mon, 29 Jan 2018 15:04:50 +0000 By BUUMBA CHIMBULU ZAMBIA’S upgrade from negative to stable by Moody’s rating is a clear indication that Zambia’s economy is heading in the right direction, the Private Sector Development Association (PSDA) has said. PSDA chairperson, Yusuf Dodia, observed that the upgrading of the rating would not only increase investor confidence but also improve economic perception from the international community. “It is always good when these international ratings give us positive ratings because it inspires confidence in international markets and partners that are trying to work with us and support us. It is clear that last year, we were struggling not only with our domestic and external debt but also with possibility to finance our budget and so our fiscal performance was not very good. “Now we see that in the 2018 national budget, Government has decided to fund it predominantly from domestic resources and from an outside investor this […]
