NATIONAL Chairperson for the opposition Patriotic Front, Mr Davies Chama, says it is foolish for the UPND government to celebrate the debt restructuring deal because the country will still be required to repay the debt at a later stage. Last week, Zambia reached an agreement in principle to restructure US$6.3 billion of debt with bilateral lenders, including US$4bn owed to China. Reacting to the excitement from government officials over this achievement, Mr Chama said it’s nonsensical and foolish. Davies CHAMA: “You can’t celebrate debt restructuring. If you owe somebody, just pay. If you borrowed, just pay. You can’t celebrate when someone says ‘okay, instead of paying me in two months, you pay me in six months’, and you want to...
