Fri, 07 Apr 2017 09:52:11 +0000 By MAILESI BANDA GOVERNMENT should avoid borrowing and work towards empowering the private sector to create a strong financial system that will grow the economy, says the Jesuit Centre for Theological Reflection (JCTR). JCTR programme manager Faith Kalondawanga said Government should look inwards and work towards creating wealth within the country and not depend on external debt. Ms. Kalondawanga said there was need to reduce debt by not borrowing and creating more money internally by strengthening the existing systems. “The Government needs to look inwardly in the creation of wealth by involving the private sector and avoid excess borrowing as this will collapse the economy once it reaches extremes,” she said. She advised Government to stop depending on external debt to finance their projects. She explained that there was need for debt relief as the country was moving from unmasking more debt, adding that there was need for the […]
