BANK of Zambia Governor Dr Denny Kalyalya says the country is in debt distress and that if it was a private company, the courts of law would have ordered it to stop operating. And Dr Kalyalya says the country’s economy is projected to slow down in 2023, but rebound in 2024. Meanwhile, Kalyalya says the Central Bank’s Monetary Policy Committee has decided to increase the MPR by 25 basis points to 9.50%. The Governor also notes that most African currencies have been under severe pressure since war in Ukraine broke out.   Announcing the Central Bank’s Monetary Policy Committee’s decision, Wednesday, Dr Kalyalya said it was a fact that Zambia was in debt distress. “Let’s put things into context, I...