THE Economics Association of Zambia (EAZ) says the remaining six percent of debt to be restructured will not have any negative impact on the economic progress achieved thus far. Recently, government announced the completion of the Extended Credit Facility under the International Monetary Fund (IMF). This is a programme the country opted for in order to restructure its debt after being in default. Despite the completion of the facility, government still has about six percent of its debt to be restructured, as about 94 percent of the country’s debt has already been restructured. In an interview, Wednesday, EAZ National Secretary Dr Nicholus Mainza said the remaining six percent was too insignificant to threaten the country’s economic position. “From my perspective,...
