Patriotic Front (PF) Secretary General Davies Mwila says the prevailing debt and economic situation in Zambia must not be misconstrued as a financial crisis but should rather be seen as financial responsibility. In his weekly newsletter to News Diggers, Mwila stated that government had instituted various economic interventions to moderate the risk of high debt distress for the country. “Since Zambia has not suffered a speculative attack on the currency resulting in a devaluation (or sharp depreciation), forcing government to defend the currency; Zambia is not in a currency crisis. Prudent debt management calls for regular checks on our debt to ascertain whether we are on the sustainability track or the un-sustainability track. Government conducts regular debt sustainability analyses to…...

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