Fri, 27 Oct 2017 09:22:25 +0000 By Mailesi Banda ZAMBIA has not failed to meet the requirements for the $1.6 billion International Monetary Fund (IMF) loan but has been advised to avoid contracting non concessional loans, resident representative Alfredo Baldni has said. Mr Baldni said public debt has been rising at an unsustainable pace leading to the Government borrowing domestically, a move which he described as a threat to private sector development. Speaking during the Zambia Institute for Policy Analysis and Research debt management conference, Mr Baldni said the Zambian public debt was increasing and posed a risk of debt distress. He noted that there was a huge gap between the money financial institutions lent to the Government and the private sector, adding that the former was attractive due to capacity to pay back the latter contributed more to investment. Mr Baldni said that while Government borrowed for the sustainability of different Government programmes, the […]
