Wednesday, June 19, 2024

Debt Restructuring with Zambia’s creditors to be concluded by June 2022-Musokotwane

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Finance Minister Situmbeko Musokotwane has said that government expects negotiations for debt restructuring with Zambia’s creditors to be concluded by June 2022.

Dr. Musokotwane says the country will begin accessing part of the International Monetary Fund 1.4 billion U.S Dollars package upon conclusion of the negotiations with creditors.

And the Finance Minister has projected that the country is set to attain annual growth rates of above 6 percent within the next 5 to 6 years.

Dr. Musokotwane was speaking during an interactive forum with journalists at his office in Lusaka yesterday.

He said he is convinced that the UPND administration is taking the necessary reforms to resuscitate the economy and improve the welfare of the people.

Dr. Musokotwane also took time to justify Zambia’s decision to get on an IMF economic programme saying it is the right path to economic recovery from unsustainable debt.

And Information and Media Minister Chushi Kasanda said the UPND administration is committed to fulfilling its campaign promises.

Ms. Kasanda urged the Media to track the strides being made by the new dawn administration.

She also urged the media to be objective in its execution of duty saying her office will mantain an open door policy for enhanced interaction.

6 COMMENTS

  1. Transparent, open, honest – what a difference with the lying hypocritical way of not running the country by that horrible thieving incompetent government of the worst president the country has ever had Edgar China Lungu.

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  2. This fossil talks more than he does. All hot air and yet on the ground things are bad. Kwacha depreciation, prices of fuel up, cost of living and inflation up.

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  3. musokotwane can never be trusted , he is the one who advised Rupiah Banda to waste money on mobile hospitals in 2009, forget about this hyena

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