ECONOMIST Professor Lubinda Haabazoka has described the reduction in the country’s annual debt servicing from $2.3 billion to $900 million as a positive step, stating that it is an indicator that debt restructuring was successful. Prof Haabazoka was commenting on the disclosure by Secretary to the Treasury Felix Nkulukusa that Zambia’s annual debt servicing had dropped from $2.3 billion to roughly $900 million. In an interview, Thursday, Prof Haabazoka said this meant that before debt restructuring the country would spend more than $2.1 billion on debt servicing, but would now only spend about $900 million. “For Zambia, this means that we’re going to be spending less amounts of money every year to service our foreign debt. In terms of debt...