Zambia dismisses reports on debt
The Zambian government said it will start making quarterly reports on the country's debts to avoid speculation.
Minister for Finance Margaret Mwanakatwe said the ministry has now set a standard to be making reports on debt figures public on a quarterly basis. "This is meant to keep citizens and other interested stakeholders abreast of the developments on this topical issue that has attracted so much attention and interest," she said in parliament. Ms Mwanakatwe said the government was taking the issue of debt sustainability seriously hence its decision to undertake debt sustainability analysis exercises to gauge the carrying capacity as it relates to economic parameters such as gross domestic product (GDP) growth, reserves and debt servicing capacity. The debt sustainability analysis was meant to give the government an indication of the level of debt that was desirable to ensure that growth was not impaired and that the drive towards poverty reduction remains unabated.