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Alba Iulia
Saturday, September 25, 2021

Teachers Commend Government Over Debt Swap Initiative

General News Teachers Commend Government Over Debt Swap Initiative

The Zambia National Union of Teachers (ZNUT) in Shiwang`andu district has commended the government for implementing the debt swap initiative for civil servants.

ZNUT chairperson in Shiwang’andu district, Stephen Kangwa, told ZANIS that the debt swap initiative will greatly help liberate teachers and other civil servants who borrowed from various financial lending institutions.

Mr. Kangwa observed that the teachers and other civil servants were overburdened with servicing concurrent loans. He said the debt swap initiative will therefore be a relief to the highly indebted workers and motivate them as they carry out their duties.

He said the teachers are the majority of the workers who were affected by loans adding that some of them were having zero net pay due to over-borrowing.

“Most teachers who were affected by loans were demoralized and this resulted in poor delivery of services and poor learner performance,” he said.

Mr. Kangwa has since assured the government that the teaching fraternity will retain integrity as their loan burdens have been lessened following the debt swap initiative. He said the move by the government to carry out a debt swap is timely amid the economic downturn. Mr. Kangwa further commended the government for its relentless effort towards improving civil service.

Meanwhile, Mr. Kangwa has cautioned teachers and other civil servants not to borrow money from unregistered money lenders. And some civil servants have appreciated the government for implementing the debt swap initiative.

9 COMMENTS

  1. And how much “empowerment” did you get from the corrupt PF to make the statement? Shame on you!

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  2. Empty promises and sweet talk won’t put money in your pockets!!

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  3. I think this debt swap was a gimmick. They were not remitting the deductions to the lending institutions. It was a well calculated plan that when elections are around the corner they would do a debt swap to make it look like they are a caring government. Where were they taking the money that they were deducting from the salaries but not remitting to the financial institutions??

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  4. THIS TAECHER DOES NOT UNDERSTAND THE IMPLICATIONAS OF O CALLED DEBT SWAP. HE SHOULD GO BACK TO THE BASICS NOWONDER THIS COUNTRY IS NOT MOVING FORWARD BECAUSE PEOPLE LIKE THIS FELLOW.

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  5. It seems some people are not happy that the kwacha is appreciating against the US dollar. They would have been happy if the currency continued depreciating so that they would blame the PF government for mismanaging the economy! What kind of thinking is that where you take delight in seeing your own country suffering? This is being sadistic.

  6. It is unfortunate that Mr. Kangwa who is the chairman of ZNUT does not understand the implication of debt swap. Debt swap will be unfair to those civil servants who do not owe any money, or owe little money to financial institutions compared to heavy borrowers. The key to this problem is to award good salaries to civil servants. That’s fair across all.

  7. Who was supposed to be given a relief is it the one highly indebted or what because I see the victims are the ones who were left out especially those with Bayport

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