‘Debt restructuring key to economic recovery’
Published On October 16, 2024 » 500 Views» By Times Reporter » Business, Stories
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. Musokotwane

By KETRA KALUNGA –
FINANCE and National Planning Minister Situmbeko Musokotwane has reiterated the importance of Zambia restructuring its external debt to ensure economic recovery.
Dr Musokotwane said debt restructuring was significant because without it, the country’s debt service obligations in 2025 going forward would have been higher than the entire national budget.
He said this would have meant no resources for other essential government programmes and projects including paying the public service bill, provision of health services, security and backbone infrastructure required by the manufacturing sector.

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