Global investors prodded

MINISTER of Finance Margaret Mwanakatwe (right) talking to Standard Chartered Bank chief economist for Africa and the Middle East Razia Khan in Bali, Indonesia, yesterday. PICTURE: CHILESHE KANDETA/MOF/PR

ZAMBIA has told global investors that assessment of individual countries’ debt sustainability should take into account the time it takes for the programmes to bear fruit.
Minister of Finance Margaret Mwanakatwe said debt assessments should consider gestation periods to achieve tangible return on investments, especially for infrastructure -related loan obligations.
“Individual countries ’ debt sustainability done by multilateral organisations and rating agencies needs to take into account gestation period and time lags for achieving tangible return on investments,” Mrs Mwanakatwe said.
The minister said this yesterday when she addressed investors from Asia, United States of America (USA), the United Kingdom and Mainland Europe in Bali, Indonesia.

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