Continued postponements in holding discussions with creditors over the management of Zambia’s debt, according to President HAKAINDE HICHILEMA, run the risk of pushing the nation into debt and derailing other development goals.
Since then, the President has urged a swift conclusion to the negotiations in order to protect the numerous projects his administration is working so hard to oversee.
He has, however, expressed confidence that Zambia and its creditors will soon come to a consensus on a common framework for the nation’s debt.
According to the President, a technical group involved in the process is attempting to address concerns about debt sustainability.
He claims that the group, which met this week in Washington with the International Monetary Fund (IMF), has not yet reached a conclusion because China and other participating nations require more time.
Additionally, President HICHILEMA reaffirmed the administration’s focus on luring in more investment in order to boost the economy and usher in prosperity.
The President was speaking to US-based Bloomberg during a special interview at the Mayflower Hotel in Washington, DC.
President HICHILEMA, who recently visited the USA and participated in the U.S.-Africa Leaders Summit, has since expressed his satisfaction with the conclusion of his trip.
The President expressed satisfaction that Zambia was able to seal a summit-related mining investment agreement worth $150 million.
President HICHILEMA has since traveled to Zambia from Washington, DC.
