ZAMBIA’S DEBT SUSPENSION DEALS AND NEXT YEAR’S NATIONAL BUDGETZAMBIA’S next parliamentary national budget presentation has been fixed for this month-end. As expected, there has never been a time when Zambia felt an urgent need to dismantle its huge external debt and at the same time seek debt relief than in recent months. With the relay baton towards paying the almost US$15bn foreign debt passed on to the new UPND government by the former ruling PF, it is not surprising that most Zambians are hoping for a quick solution to the debt burden.Clearly though, President Hakainde Hichilema’s government is making frantic efforts to reduce the debt burden, which is choking the country’s economy. There is no doubt that debt servicing will take a few more years, but it is encouraging that the UPND administration has started engaging lending institutions to lessen the pressure of attending to other socio-economic needs amid debt servicing. The Debt Service Suspension […]
ZAMBIA’S DEBT SUSPENSION DEALS AND NEXT YEAR’S NATIONAL BUDGET
