Fri, 23 Jun 2017 11:07:10 +0000 By BUUMBA CHIMBULU MINISTER of Finance, Felix Mutati, has announced that Zambia’s external debt stock as at end of May 2017 increased to US$7.2 billion from US$6.9 billion in December, 2016. Mr Mutati noted that the increase in the stock was on account of new dis-bursements. He said this in a statement issued to the Daily Nation by the Ministry of Fi-nance public relations officer Chileshe Kandeta. He further said that the rise was as a result of increased demand for Govern-ment paper. “In order to ensure continued debt sustainability, Government has finalized a Medium Term Debt Strategy that provides a framework for prudent debt management. “Further, regular debt sustainability analysis will be the guiding principle for fu-ture borrowing activities. ‘‘The domestic debt stock was K38.6 billion in May 2017, compared to K33 bil-lion in December 2016,” he said. Mr Mutati also announced that as at the end of […]
