THE Ministry of Finance’s revelation that Zambia’s total public debt stood at $26.96 billion as at end of June 2021 leaves a lot of unanswered questions. According to a public debt summary as at end of June, the ministry stated the external stock, excluding interest arrears of the central government debts, stood at $12.91 billion. The statement revealed that the central government’s total debt stock including interest rates stood at $13.38 billion. The statement went further to also disclose a list of 44 creditors which the Central Government owed which included: Bank of China, commercial loan which stood at $281,805,196; China Development Bank, commercial loan which stood at $498,843,787; Eurobonds, commercial loan, which stood at $3,161, 218,750; EXIM China, bilateral…...

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