By OLIVER SAMBOKOTHE reclassification of Zambia as a low income country may induce lenders that provide grants and financing to low-income countries to relook at their policies on Zambia and resume grant financing, Finance and National Planning Minister Situmbeko Musokotwane has said.Delivering a Ministerial statement in Parliament yesterday, Dr Musokotwane said this may be more helpful for Zambia given the high indebtness the country is undergoing and the policy that have been put in place to stop commercial borrowing.He however, said on the negative side, the level of resources Zambia can access for development will now be less as the country cannot borrow non-concessional loans even if its debt crisis is resolved. Dr Musokotwane said government is confident that next year, the country will have a better assessment by the World Bank and get back on track towards meeting the clear aspirations of the Zambian people as contained in the Vision 2O3O. He said upon […]
NOT ALL IS LOST – MINISTER
