Tue, 30 Jan 2018 15:15:51 +0000 By LINDA SOKO TEMBO THE rating agency Moody’s upgrading of Zambia’s economic outlook from negative to stable is indicative of Zambia’s economic ability to rise again, Party of National Unity (PNU) president Highvie Hamududu has said. Mr Hamududu said the growth and stabilisation plan should continue especially on expenditure reforms beyond just the removal of electricity and fuel subsidies. He was commenting on the rating action statement issued in London by Moody’s Investment Service stating “the stable outlook reflects the Zambian government’s reduction in liquidity pressures and a slowdown in debt accumulation”. Mr Hamududu however said that the authorities should be warned not to busk in false hope that the storm was over, adding that it was far from being over and that the growth and stabilisation plan must continue. “Especially on expenditure, reforms must go beyond just the removal of electricity and fuel subsidies” he said. In an […]
