DEBT RESTRUCTURING DEAL TO PROPEL ZAMBIA’S DEVELOPMENT
By Charles Kabwita
Kitwe, March 27, 2024.
In a landmark achievement for Zambia’s economic advancement, President Hakainde Hichilema has successfully spearheaded negotiations resulting in a significant debt restructuring deal. This pivotal move marks a moment of celebration for all patriotic Zambians, as it sets the stage for accelerated development and enhanced investor confidence in our nation.
The benefits of this debt restructuring initiative are manifold and far-reaching. Firstly, it will stimulate economic growth across various sectors, paving the way for job creation and bolstering employment opportunities, particularly for the youth. As our economy gains momentum, citizens will experience improved living standards and greater economic stability.
Moreover, this strategic move will instill a renewed sense of confidence among investors, both domestic and international, fostering an environment conducive to sustainable development and prosperity. With a strengthened currency, as evidenced by positive indicators against the dollar, Kwacha is poised for enhanced trade and investment opportunities on the global stage.
I commend President Hakainde Hichilema and the Finance Minister, Honourable Situmbeko Musokotwane for their visionary leadership and unwavering commitment to securing this transformative deal. Their foresight and dedication have laid the foundation for a brighter future for all Zambians.
As we embark on this journey towards economic revitalization, it is imperative for all citizens, especially the youth, to rally behind President Hichilema’s efforts and support the collective endeavor to rebuild our economy. Unity of purpose is paramount as we work together for the betterment of our beloved motherland.
This debt restructuring agreement represents a pivotal milestone in Zambia’s quest for sustainable development and prosperity. Let us seize this opportunity to forge ahead with determination and optimism, knowing that together, we can overcome challenges and realize our shared aspirations for a prosperous Zambia.
For media inquiries, please contact:
Charles Kabwita
UPND National Youth Trustee
(+260974776485)