Tue, 01 Aug 2017 13:23:21 +0000 By MUKOSELA KASALWE NEVERS Mumba insists that he is not a liar and that Zambia’s foreign debt stands at U$30 billion based on his research findings and analysis and challenged the Ministry of Finance to counter the findings. He said based on his preliminary figures, in 2011 when the Patriotic Front government took office, Zambia’s external debt stood at $3.5 billion (15 percent of GDP). Dr Mumba claimed that the figure had ballooned to about four times and that with the International Monetary Fund already in negotiations with the government for a $1.6 billion bailout, they needed to know the truth if the nation had the capacity to repay. The former MMD leader said he did not claim perfection in his research and that there was a chance that there could have been gaps on the part of his information. However, Ministry of Finance Head of media and public […]
