Wednesday, April 24, 2024

PF Presidential Candidate Mundubile Urges President Hichilema to Visit China Amid Debt Restructuring Crisis

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Zambian lawmaker Hon Brian Mundubile has advised President Hakainde Hichilema to swallow the humble pie and go to China amid the economic crisis faced by the country. The PF presidential candidate has warned that if the President fails to visit China and advise his counterpart, Zambians should brace themselves for even harder economic challenges ahead. Mundubile has highlighted the need for the Zambian government to engage more meaningfully with China in the debt restructuring process, noting that China’s debt accounts for about 30% of the country’s total debt stock.

Zambia’s economic challenges require urgent attention from the government. As Hon Brian Mundubile, a PF presidential candidate and a lawmaker in Zambia, noted, “if the President fails to go to China, we should all prepare for a harsh economy, we should prepare for harsh times ahead.” Speaking to the media at Parliament, Mundubile advised President Hakainde Hichilema to “swallow the humble pie, go to China, advise the President to go to China and confer with his counterpart so that we can get some debt restructuring and put our economy back on track.”

Mundubile emphasized the need for the Zambian government to engage more meaningfully with China in the debt restructuring process. “In this particular process of restructuring debt… they should have been very polite to China. Because China’s debt is about 30% of the total debt stock,” he said. The lawmaker highlighted that China has been an all-weather friend to Zambia, providing support and assistance in various development projects, including the construction of the TAZARA Rail Line and the country’s beautiful airport.

Mundubile noted that the President’s visit to China could help in finding a lasting solution to the country’s economic challenges. “The President has done over 30 trips; he has not yet gone to China. We wonder why our President of Zambia does not want to respect the fact that China is a very good friend of Zambia and we need China for our development,” he said. The lawmaker also advised the new government to be polite to China during the debt restructuring process, given the significant role the country has played in Zambia’s development.

Zambia’s economic crisis has been a major concern for the government and citizens alike. According to Mundubile, there is panic in the Ministry of Finance as they were hoping to have restructured the debt by now. However, the lawmaker stressed that Zambia needs China for its development, and the government must strike a balance between debt sustainability and growth. “So going forward, we want to advise the New Dawn Government that they swallow the humble pie, go to China, advise the President to go to China and confer with his counterpart so that we can get some debt restructuring and put our economy back on track,” he reiterated.

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14 COMMENTS

  1. Who borrowed that huge amount of money which likely to led us in hardship? Honestly speaking HH needs to visit china to end this problem which was created by PF criminals who has got no shameful.

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    • heal and move U chicken..Thot Your leader said He will come clean the mess..Smell the coffee koswe.U are in Govt now..provide solutions if Not let PF come back and clean the mess.

  2. The Chinese has PF politicians in their pockets.
    Late President John Magufuli of Tanzania showed Africans how to deal with Chinese. He gave them ultimatums and when they though he was bluffing he got others in. Examples: Standard Gauge Railway (SGR) Stage 1, he brough in Turkish and Portugese companies, the Chinese are begging to comeback on the later stages, Look what he did on Bagamoyo Port, the Chinese wanted to hold Tanzania ransom for 99 years, Magufuli said that the Chinese terms were tantamount to, “selling Tanzania to China”.
    When Brian Mundubile say China is vital in development of Zambia, he is being niave. China want Zambia to sell itself to them.
    HH should follow the example of late president Magufuli.
    We are proud Africans and should not eat “humble pie” for anyone.

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  3. Ba Mundubile, kwena, ati:
    “Zambian government to engage more meaningfully with China in the debt restructuring process, noting that China’s debt accounts for about 30% of the country’s total debt stock.”
    Where were you when LUNGU was inccurring those loans? How come PF or Lungu was UNABLE to get the debts restructured. when Lungu went to China?
    Suddenly, ba PF are the best advisors…….thats a joke.

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  4. “President’s visit to China could help in finding a lasting solution to the country’s economic challenges”
    The same economic challenges were brought about by ECL and PF due to mismanagement of Zambias resources and excessive borrowing from China.
    THIS MAN AND THE PF IN GENERAL HAVE NO SHAME

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  5. HH has already sold his soul to the devil so that’s a hard ask especially when tensions between the west and China are at a record low, @Ben. Tell us what has happened to that Turkish/Portuguese project…nothing

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  6. Shameless to say the least, when people urged you to slow down on debt contraction you said they were jealous & bitter. Today ati. ..humble pie chakuti chakuti.

  7. @IllSayWhatIWant, to help you in your ignorance, please read this article
    https://www.tanzaniainvest.com/sgr.
    As you will see the Chinese came back with their tails between their legs and won stages 5 and 6 but not the inflated prices they usually charge, they had to massively under cut the Turks.
    Massive result and respect for Tanzania.

  8. PF is like a husband who came home drunk drove the car through the gate and created a big mess of poo all over the toilet floor…when they wake up have sobered up start shouting at his wife why the house is in such a state. PF is the grouping that should be talking about this issue…Brian just focus on your campaign and tell them what you are going to do different from Lazy Lungu.

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  9. HON MUNDBILE IS NOT RIGHT PERSON TO ISSUE SUCH A STATEMENT OVER THE DEBTS , HE WAS PART OF THE TEAM THAT WAS CARELESSLY BORROWING AND LED OUR NATION INTO F7NANCIA CRISI AND MADE ZAMBIA AS DEFAULTER AS FAR INTERNATIONAL DEBTS WERE CONCERNED . IF MUNDUBILE WAS WISSE HE WAS SUPPOSED TO ADVIISE ECL AND HIS COLEAGUES. BUT INSTEAD HE JUST CONCENTRATED ON EATING. WHY DIDN’T THEY GO TO CHINA.? HYPOCRISY

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