Sun, 28 Jan 2018 10:23:11 +0000 By MUKOSELA KASALWE ZAMBIA’s economic upgrade outlook from negative to stable is an important indicator of the international community’s discernment of the country’s political, social and economic stability. It is also an endorsement of the country’s consistent and market friendly development policies, says Minister of Finance Felix Mutati. Mr Mutati said the rating upgrade by Moody’s, a world’s leading source of credit rating services was a confirmation that Zambia’s image was admired and that Government in 2018 would further slow down on the pace and appetite for debt accumulation. He said Government this year would concentrate on the mobilisation of domestic revenue as that was the only way to strengthen the economy. Mr Mutati said Zambia’s Gross Domestic Product and economic fundamentals were solid as well as promising. According to a rating action statement issued in London by Moody’s Investors Service, the stable outlook reflects the Zambian government’s reduction […]
Moody’s upgrades Zambia’s rating from negative to stable
