“NEGATIVE SENTIMENTS AFFECTS DEBT PRICING”

Former Bank of Zambia Governor, Caleb Fundanga says negative sentiments about the country’s debt situation can have an impact on the pricing of debt.
Dr. Fundanga says negative comments through various channels of communication should be avoided at all cost.
The Former Central Bank Chief has pointed out that the country has witnessed a lot of transformation such as construction of roads and other developmental projects.
Dr. Fundanga says this shows that money borrowed through loans has been channeled into developing the country.
He said this when he gave a regional perspective on debt during a public discussion on addressing Zambia’s Economic challenges held in Lusaka today.
Dr. Fundanga said it is the duty of Government and citizens to counter misleading reports such as those carried by the Africa Confidential.
And Dr. Fundanga says China has been helpful to the Zambian Government in the past and it is not expected to put the country into bondage now.
He has observed that loans obtained from China do not have political conditionalities attached to them.
Meanwhile, Ministry of Finance Permanent Secretary in-charge of Budget and Economic Affairs, Emmanue Pamu said Government is concerned with the continued misrepresentation of facts especially around public debt.

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