CTPD CONCERNED ABOUT PROLONGED DEBT RESTRUCTURING PROCESS DESPITE PROGRESS
By Lukundo Nankamba
The Centre for Trade Policy and Development-CTPD has raised concerns over the prolonged timeline of Zambia’s debt restructuring process, despite the government’s ongoing efforts to address the nation’s public debt crisis.
CTPD Executive Director Isaac Mwaipopo has acknowledged that the past four years have seen significant strides by the government in tackling Zambia’s unsustainable public debt but notes that the pace of the restructuring has been slower than expected, undermining some of the economic gains that had been made in recent years.
Mr. Mwaipopo has further stressed that the government needs to intensify collaboration with international partners to expedite the restructuring process.
Meanwhile, Mr. Mwaipopo has highlighted the growing threat of Zambia’s energy deficit, which he described as a significant obstacle to future economic development.
He says it is essential that the government prioritizes a sustainable domestic mix of energy solutions to support the economy’s broader needs.
PHOENIX NEWS