Zambia Struggles To Make Eurobond Interest Repayments

Former Economic Association of Zambia President, Noel Nkoma has sounded out a warning saying that Zambia is on a path that is likely to lead to the country defaulting on three Euro bond repayments.

Nkoma called for a change in the way Zambia manages its fiscal policy, “We need to start implementing austerity measures right from the top. We are still so opulent and yet we have a huge deficit. Government needs to set the tone first in implementing austerity.”

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