By Peter Sinkamba
DEBT RESTRUCTURING SCAM
Debt restructuring is a scam. There is nothing in real terms that will result from this other than intangibles like investor confidence and all sorts of jarfon. Thus why, no one is telling the Zambians how much Zambia has saved through the so-called hair cuts.
Mind you, Zambia has not been paying a cent or dime, towards eurobonds and other debts since 2020.
Yet, besides the “savings” the country’s financial and economic status has been deplorable.
Disposable income is in serious shortage while the cost of living is skyrocketing. No one is explaining in real terms how debt restructuring will reduce the cost of living.
The narrative that debt restructuring will help make Zambia’s debt situation more manageable is flawed. All it has done is to postpone responsibility from our generation to our grandchildren.
Which grandparent boasts of success by overburdening his grandchildren with debt?
When the country starts paying less monthly, quarterly or bi-annual payments towards the debts, that exponentially increases future generational indebted portfolio. Such inverse proportionality of our economic and financial architecture is mischief, not ingenuity.
Put simply, the restructuring has failed to reduce how much Zambia owes. And the so-called haircut has left dreadlocks instead😄😄😄
Legalize it. Industrialize. Grow the economy. End debt. End poverty.
Bitter man.
This is jealous at its best. If one had time to respond to this trash it wud be easy tp rip it apart. Please try yr best to hide yr jealous
Uyu chi colour has no better alternative than sending negative vibes. No alternative solutions.
Zambia’s main failure is the absence of a credible opposition.
These are certified jokers.
The above Praise Thugs are a disgrace. If Hakainde told us to eat feeeces, they will support. What a people!
Imagine these idiots Who uses there legs to think instead of brains there brainlessband very dull
So according to you, Mr. Sikwamba, Zambia shouldn’t have gone for debi restructuring? What should have been your best alternative?
Mr Peter Chikamba, blame the grandparents who overburdened their grandchildren by acquiring this Debt in the first place, and we know who these grandparents are, don’t blame the Snake Charmer who is trying to unwrap the Python around your grand children’s necks, to save your grandchildren.
Peter, what is your solution? It is pointless rubbishing this debt restructuring unless you have an alternative.
1. STATE YOUR ALTERNATIVE SOLUTION
2. IF YOU HAVE NONE, APOLOGISE TO ZAMBIANS AND SHUT YOUR MOUTH
Jordan, Peter has only One solution: Turn all of us into Marijuana Junkies.
Wee muloshi u cSnt see any thing good from.his observation coz u very dull
I didn’t know that Peter Sinkamba is an empty brain. Honestly the daga/weed has done him badly. You borrow money from someone, he tells you to pay but you have no money. He gives you enough time to look for money to pay and YOU Sinkamba rubishes that decision! Some people can be evil and irritating!
U aren empty brain coz u don’t ready and understand,u very dull like you fellow cadres who don’t understand.
U are dull the point is where did all the savings which where not been paid to the eurobond owners ok ,dull
Haircut….kikiki…seems to nit exist. Instead we have grown dreadlocks
Zam zam, as a country we didn’t have the capacity to pay; at that point we defaulted; not that we had the money…no. if we were forced to pay, it means getting money allocated to health and other need sectors such as agriculture. So , here we are saying…wait a minute, once we develop these other productive sectors, then we will be able to generate revenue to service the debt.
Imagine you only have Yr salary and wakongole tells you to say ok invest your salary in poultry and your next salary in maize planting then your next salary pay people to harvest then after 2yrs of doing this business you can now start paying 10% of my kongole while your Poultry, Maize business and salary are ticking.
Can you insult the person who has made you that deal and uja wakongole sure?
With good business in place, our grandchildren will not even have a feeling of this burden. It will just be a ka small cash from the profit that will come from what we are investing in now.
These fools are a lot and confusing the mass
There’s is no hope in the opposition. They ate all empty tins practising old sata style of politics of critising everything and anything. Peter go and hug a zesco transformer
Caamubaba zamene bacitabazake caamubaba( pure jealous because what they have done friends)these are opposition we have in Zambia and let us wait from pentecost party PF criminals what they will since they have got no shame and memories.
It takes time to convince all the parties involved
To restructure the debt.Its not as easy as we
Opposition leaders think.so let’s wait to see.
Reading all these comments is quite nauseating as it seems all these folks don’t understand the predicament we entered in through this debt restructuring by our country postponing a debt I sthe worst you can do,
One day you will appreciate and remember Sinkamba, I have interacted with him and it’s not what you are making of him, he is a genius.
Even as the news was breaking, I was sure one, two or more idiots masquerading as opposition leader will do a very bad job of criticizing something impossible to criticize. And here is one full of marijuana in the balls being supported by some idiots who can neither construct a sentence nor spell words correctly indicating that they are a product of leakages. They may have been empty tins in class and a nuisance in society now. STUPID IDIOTS.
One question that begs an answer from all the people opposed to debt restructuring is: What alternatives would have been better than this debt restructuring?
I expected him to condemn the misuse of the money. The burden to our grandchildren is secondary and as a cure to the recklessness of those who were in power