By Lukundo Nankamba

Golden party of Zambia leader Jackson silavwe has called on China to come to the aid of the country to reset Zambia’s economic state by cancelling the bilateral debt.

Mr. Silavwe notes that according to official government data, Zambia’s debt totaled US$31.74 billion at the end of 2021, of whichUS$17.27 was external debt and china held US$5.78 of this debt.

He says Zambia can never realize its full economic potential with the current debt burden hence the call is being made bearing in mind the full extent of the Chinese contributions to the country bilaterally, multilaterally, economically, private and public.

Mr Silavwe explains that Zambia is locked in a terrible poverty cycle which will only increase the hardships of ordinary Zambians hence external debt must be addressed with importance.
PHOENIX NEWS

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