Zambia’s external debt has risen to US$11.2 billion from US$10.23 billion as at the end of December, 2019 according to Finance Minister Dr. Bwalya Ng’andu. “When I last updated the nation, in July 2019, the stock of external debt at end-June 2019 was US$10.23 billion. The stock has since increased to US$11.2 billion as at end December 2019. This was on account of new disbursements on existing loans mostly earmarked for infrastructure development” the Minister of Finance has said, during his state of the nation address. The Minister says the stock of Government securities at end of 2019 was K80.2 billion from K60.3 billion at end-June 2019 saying the increase is explained by the issuance of Government securities to finance the budget deficit for 2019.
Zambia Reports Unconventional fresh perspectives outside the mainstream voices in public, featuring original submissions from reporters and bloggers within Zambia and among the diaspora.