Central Bank Emphasizes Public Debt Has Potential To Put Zambia At High Risk Of External And Public Debt Distress

By Balewa Zyuulu

The Bank of Zambia says with the current unsustainable national debt levels, there is need to put in place critical measures that will help transform the country’s economic outlook.

Bank of Zambia Governor Dr Denny Kalyalya says Zambia’s economic outlook has been clouded by a number of both internal and external shocks and heightened debt vulnerabilities.

Addressing Journalists in Lusaka yesterday, Dr Kalyalya says if not addressed, public debt has the potential to put Zambia at high risk of external and public debt distress.

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