Finance Minister Dr Bwalya Ng’ándu says Vice President Inonge Wina told Parliament that the country was unlikely to default because that is the information he gave her. And Dr Ng’ándu says government is considering engaging its legal advisors in case the bondholders were to take legal action. Meanwhile Dr Ng’ándu says Lazard has not failed in its duty to help government restructure its debt. Speaking in Parliament, Wednesday, Dr Ng’andu said ogovernment came out unlucky with the negotiations with the bond holders because Friday the 13th is a problem. He...

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