Business

Cabinet resolves to limit borrowing

FELIX C. MUTATI - Ministry of Finance, Lusaka - Zambia

KALONDE NYATI, Lusaka
CABINET has resolved to limit its commercial borrowing and concentrate on concessional borrowing to minimise external shocks.

Government, in partnership with the World Bank, has also launched the Zambia National Financial Sector Development Policy and National Financial Inclusion Strategy that seek to develop a robust financial sector.

Minister of Finance Felix Mutati said concessional borrowing is cheaper and external risks are minimal.
“Cabinet on Monday this week met and agreed to limit domestic borrowing to ensure that the economy is protected from the risks while narrowing the fiscal deficit,” he said during the launch of the Zambia National Financial Sector Development Policy and…http://epaper.daily-mail.co.zm/

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