PROFESSOR Clive Chirwa says the restructuring of Zambia’s US$18 billion debt is dirty and retrogressive. The UK based engineer argues that there was no need to restructure the nation’s debt because Zambia has the necessary tools to create money in the form of the Industrial Development Corporation (IDC). In an interview, Monday, Prof Chirwa however opined that IDC needed to be overhauled or shutdown because it was not serving its purpose. “Small steps die quickly, big steps die far much longer so if you go small steps, your hurdles won’t give you anything. You have to take the risk and get big and to get big you need to move. The entire IDC must be restructured if not thrown because...
