THE Bank of Zambia (BoZ) says the dominance of lending to the government has sharply declined, reflecting strong fiscal discipline. There had been concerns in the past that government’s increased borrowing from the domestic market was limiting funding available for the private sector. Speaking during the Ministry of Finance Town Hall meeting on the 2021-2025 Economic Performance and 2026 Budget/ Economic Outlook, Thursday, Bank of Zambia Governor Dr Denny Kalyalya said credit to the private sector has improved as a result of reduced borrowing by government. “The dominance of lending to government has sharply declined, reflecting strong fiscal discipline [and] credit to the private sector has improved. A lot of borrowing in the economy was by the government. I think...