Govt acts to curb more debt contraction
Published On July 12, 2022 » 1678 Views» By Times Reporter » Latest News
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By JOSEPH BANDA-
TO curb the accumulation of more non-concessional debt, the Government is in the process of cancelling loan balances of US$2.1 billion of various on-going commercial loan financed projects, the Medium Term Budget Plan (MTBP) has stated.
The plan released at the weekend states that to supplement the efforts being made on the debt restructuring process, the Government will continue implementing a moratorium on the contraction of non-concessional loans for the medium term.

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