MINISTER of Finance and National Planning Situmbeko Musokotwane has welcomed China’s pledge to help the county resolve its debt situation.
In a media statement, Dr Musokotwane said Zambia welcomes China’s Finance Minister Liu Kun’s statement at the meeting of G20 Finance Ministers that China, with the principle of collective action and fair burden sharing, is willing to implement the G20’s Debt Service Suspension Initiative in a methodical fashion on a case by case basis.
“We are also delighted with Governor of the Peoples Bank of China Mr Yi Gang’s assurance that China is now actively participating in the G20 Common Framework and supports a case-by-case approach to addressing debt under the framework.
We note China’s request that the IMF should call on all parties, commercial creditors in particular to restructure their debt in the principle of comparability of treatment,” Dr Musokotwane said.
He said China’s pronouncements at the 2022 Spring Meetings of the IMF/World Bank are
important building blocks in Zambia’s case for debt restructuring.
“Their message is very positive for us,” he said.
(Mwebantu)
This is the positive message which PF cadres wouldn’t want to hear. They thrive on negative news and are excited by chaos all the time! So this good news will simply send them into their monkey cells!
You have gold, why do you like begging instead of exploiting your gold deposits which you have left in foreign hands.
Frankly stated. You nailed it man.
So this literally means our government and this finance minister can’t function without China and IMF. Dependency.
Kikiki.. Does this anger you. Whst happened to the dancing and singing of China not being part of the restructuring.
Whst solutions do you have? Share with us right here on this platform or forever hold your peace.
PF looted the coffers; stole public funds with impunity and left huge debts without shame. So how did you expect the new Govt to function without IMF and China?
But we have unsung heros in Musokotwane, he is sorting the money issues and from July 2022, our country will in the right trajectory for real growth. This has taken him 7 months to achieve what PF failed in 7 years. Obviously PF monkeys are not happy!
Did you ever wonder why the LME prices for copper is determined in Europe and not by the countries who mine and produce copper?
Why are international banks who give broke guys in Europe capacity to investment paper money in African mines which is the real asset. (Gold). The use the same asset to get tgese funds. But wo t give an African mine owner the sane funds to finance the same mine. It is called economic salavery.
Another topic for another day. Its complicated and needs strong thinking, anger and deliberate plan to just get rid of this useless system of unfair play.
This my friend has nothing to do with this governement. It a global injsutice which needs guts and a deliberate desire to be free.