Fri, 23 Feb 2018 08:56:03 +0000 By BUUMBA CHIMBULU GOVERNMENT is developing a new strategy to ensure the country’s debt distress is moderate over the medium term to help re-engage IMF, Minister of Finance, Margaret Mwanakatwe, has said. Ms. Mwanakatwe explained that the new strategy was also aimed at addressing the economic development aspirations without compromising debt sustainability. She explained that the mechanism was aimed at bringing debt levels to moderate risk over the medium term from high risk of debt distress. In a statement to the Daily Nation, Ms. Mwanakatwe emphasised that once the new strategy had been completed, Government would be engaging the International Monetary Fund to obtain their agreement. “I will now clarify the position of Cabinet and the ministry on the restructuring of debt. This issue is unfortunately being misinterpreted that Government is anticipating challenges in servicing its debt,” she said. The minister said part of the new process involved addressing […]
