Zambia committed to improving debt transparency, President Lungu says
Zambia’s President Edgar Chagwa Lungu addresses the 73rd session of the United Nations General Assembly at U.N. headquarters in New York, U.S., September 25, 2018. REUTERS/Eduardo Munoz
LIVINGSTONE, Zambia (Reuters) – Zambia is committed to improving the transparency of its debt management and reporting, and will ensure that debt levels remain sustainable, President Edgar Lungu said on Tuesday.
“Zambia will remain steadfast in ensuring that our debt remains sustainable and does not compromise our sovereignty. This country is implementing bold measures to ensure that we achieve debt and fiscal sustainability,” Lungu told a conference organised by the World Bank.
The International Monetary Fund has raised concerns over high borrowing by Zambia, Africa’s second-largest copper producer.
Reporting by Chris Mfula; Writing by Alexander Winning; Editing by Robin Pomeroy
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