ESTHER MSETEKA, Lusaka
THE Economics Association of Zambia (EAZ) says despite pressure on the treasury exacerbated by high debt levels, Zambia’s economy has this year performed better than last year.External debt by end of the first quarter of this year stood at US$9.37 billion while the domestic one was at K51.86 billion.
However, Government has put in place measures to bring the country back on a more sustainable debt trajectory by improving the fiscal position and entrenching macroeconomic stability.
EAZ president Lubinda Haabazoka said in an interview that there is no crisis as some people are speculating.http://epaper.daily-mail.co.zm/