Mwila Nsofu-President HAKAINDE HICHILEMA says debt restructuring efforts are beginning to bear fruit following the signing of the Staff level Agreement with the IMF.President HICHILEMA says this means that Zambia will NOW qualify to join the common framework on debt treatment, which will enable the country transparently renegotiate its debt.The President says this will also improve the country’s credit ratings which will result in ZAMBIA accessing cheaper and deeper financing to make necessary economic and social interventions as promised to citizens.President HICHILEMA said ZAMBIA will also be able to attract more foreign capital which will not only create jobs but also positively affect the exchange rate.The President said the UPND Alliance promised to address debt as a priority and that Government is fulfilling that promise.The staff level agreement will see IMF make available 1 point 4 billion United States Dollars over a period of three years to the Zambian Government, once board approval is done.President […]
Debt Restructuring Efforts Fruitful-HH
