Minister of Foreign Affairs Joe Malanji has held bilateral talks with a Chinese delegation from the Ministry of Foreign Affairs in Nouakchott, Mauritania.
Mr. Malanji Who is also Kwacha Member of Parliament says the talks were based on how best Zambia can request debt moratoriums on the loans.
Mr. Malanji says Zambia, like other countries is trying to restructure the loans without any impact of interest.
The Minister says the country has been faced with challenges such as the drought two years ago , were the country had to import electricity.
Meanwhile, Mr. Malanji has stated that there is need for Zambia to attract investment especially in the agricultural sector.
He disclosed that this is in a bid to diversify the economy, which is in line with the blue print, the seventh national development plan.
And the Minister says the AU summit which is under the theme Combatting Corruption, A sustainable path to Africa’s transformation” is key to Zambia.
Mr. Malanji says President Edgar Lungu abhors Corruption and that it is for the reason that he has constantly asked ACC to conclude investigations on the cases.
Mr. Malanji says it is also for this reason that Government is strengthening structures to fight the scourge.
Mr. Malanji says corruption is a cancer that needs to be fought tooth and nail.
Meanwhile, Zambia will not fail to pay its debt, Finance Minister Margaret Mwanakatwe said on Thursday, after concerns emerged about Zambia’s debt levels.
Mrs Mwanakatwe also told parliament that Zambia, one of the largest copper producers in Africa, would keep reviewing its mining tax regime to ensure it is in line with “what the country wants”.