THE latest Auditor General’s report on Zambia’s external debt stock has revealed that on December 28, 2015, K100,000,000 was drawn from the third Eurobond account and deposited into Control 99 for budget support but there were no details on how the funds were utilised as at January 31, 2024. And the report states that on August 28, 2015, the Ministry of Finance and National Planning disbursed US$30,645,278.86 from the Eurobond account to a named commercial bank for loan repayment, but management did not provide the loan agreement on which government contracted the debt as at December 31, 2023, making it impossible to ascertain how much government owed. The report has also revealed that on October 14, 2019, China Jiangxi Corporation...

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