Solution to Zambia’s debt distress still lies within the Country-Mukando

Government has been advised to be wary the solution to Zambia’s debt distress still lies within the Country.

Financial analyst Grawford Mukando believes that Zambia has the capacity and necessary resources to offset its current debt stock.

Mr. Mukando says this is provided if government makes the right investment decisions as well as fully diversify the economy away from mining to Agriculture .

In an interview with QTV News Mr. Mukando has suggested to government to consider restructuring public spending, nullifying debt contraction and empowering the local industries in Manufacturing.

Mr. Mukando has further urged government to promote exports in order to bring in foreign exchange in the economy.

He states that in addition to these measures government should also consider pursuing the ideology of a sovereign wealth fund.