Zambia To Stop Contracting External Debt In 2021- Finance Minister

Zambia’s finance minister on Friday said the country would not take on new external commercial loans in 2021 and limit existing projects in a bid to reduce spiralling debt.

“Government remains committed to restoring public debt sustainability and has embarked on a number of initiatives to achieve this objective,” Finance Minister Bwalya Ng’andu announced in a 2021 budget presentation. He reiterated that the government plans to apply for a G20 initiative to suspend debt servicing and said similar relief was being sought from external commercial creditors.

This is finance Minister that have Focus and positive Ambition to redeem the country from debt.May the Minister remain bless.

Right move! You don’t need all the money in the world to be self-sufficient. Self-sufficiency is a mindset - a mentality - that every country on the continent of Africa MUST imbibe.

Same in Nigeria🙏🙏🙏

Way to go Zambia 👏 👏

Nigeria to stop contracting Debt in 2050

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