Tue, 29 Aug 2017 10:43:41 +0000 THE revision of Zambia’s sovereign rating by Standards and Poor’s Global from negative to positive-with-a-stable-outlook is an affirmation of sound policies that the Patriotic Front government has put in place to ensure economic stability and growth is guaranteed. This development does not only come as a positive result of various mitigating measures Government put in place but also silences critics who prophesied economic doom. The decision by Government late last year to tighten fiscal policy and other economic fundamentals to ensure stability of the Kwacha against other international currencies and lowering of inflation though painful then, was a step in the right direction. However, a number of economic factors put our economy under considerable pressure. These ranged from lower copper prices on the international market to unbearable load shedding of power, a situation that heavily affected the mining sector. It is common knowledge that adverse climatic conditions induced power […]
