THE CSO Debt Alliance says the fact that Zambia has not yet reached an agreement with commercial creditors has the potential to unsettle its planning for 2024. The alliance has also noted that the 2024 national budget is silent on the establishment of a sinking fund when the country is expected to start preparing for debt repayment. But Secretary to the Treasury Felix Nkulukusa says it would not be prudent for government to put money in the sinking fund now because the funds would be eroded due to the rise in inflation. Speaking during the 2024 national budget symposium yesterday, Emmanuel Zulu, an economist, urged government to speed up negotiations with the private creditors and conclude on its MOU with...

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