UNZA economics lecturer Professor Manenga Ndulo says there is no alternative to addressing Zambia’s debt burden besides the restructuring route that the country has taken. Recently, Professor Clive Chirwa said that the restructuring of Zambia’s US$18 billion debt was dirty and retrogressive. The UK based engineer argued that there was no need to restructure the nation’s debt because Zambia had the necessary tools to create money in the form of the Industrial Development Corporation (IDC). But in an interview, Tuesday, Prof Ndulo said Prof Chirwa would have opted for the restructuring if he was serving in government. “The debt restructuring now my friend there is no alternative, don’t let anyone cheat you there is no alternative. Even if Mr Chirwa...

To continue reading this premium content, login to your account or Subscribe to our ePaper using the buttons below.
Log In Subscribe