Transparency on Country Debt - Zambia

Zambian opposition challenges government to come clean on country’s debt

Zambia's opposition party, the United Party for National Development (UPND), has challenged President Edgar Lungu’s Patriotic Front party to come clean on Zambia’s debt, the Zambian Observer reported on Monday.

“There are serious doubts about the exact figure Zambia owes in debt because the Patriotic Front government has not included some of the projects done using borrowed resources,” said the UPND’s finance committee chairperson, Dr Situmbeko Musokotwane.

Musokotwane, who is also a former finance minister, said the Patriotic Front had not told the public about the amount involved in financing the Kafue Gorge lower hydropower project, which had involved a Chinese company in 2015 and been funded by money allocated for external debt.

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Source: 
African Independence

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