KANKOYO UPND member of parliament Heartson Mabeta says 58 years later, Zambia cannot claim to be truly independent because it keeps going round in circles when it comes to managing its debt. And Mabeta says the Loans and Guarantees Act will help cushion Zambia’s debt because Parliament will have to approve before government proceeds to contract any debt. In an interview, Mabeta lamented that Zambia was always seeking debt forgiveness. “The UNIP government borrowed for 27 years and borrowed 7.2 billion. After 27 years, obviously our economy collapsed. The MMD came and resolved that debt and it was written back to 1.2 billion. But again within 30 years from 1991 to 2021, we’ve borrowed another 14 billion which is double…...

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