Govt effecting Reforms to Control Debt By Angela Limwanya
Finance Minister SITUMBEKO MUSOKOTWANE says the government is implementing fiscal reforms to control the country’s debt.
Dr. MUSOKOTWANE says the homegrown economic reform program has successfully passed each review, underscoring government’s determination to restore fiscal and debt sustainability.
Dr. MUSOKOTWANE said this in a speech read on his behalf by Secretary to the Treasury FELIX NKULUKUSA at 14th Debt Management Facility-DMF stakeholders’ forum in Livingstone.
He said the government is committed to ensuring that the country’s debt management strategies support national development priorities, promote economic growth, create jobs, and reduce poverty.
The Finance Minister said in recent months, the country has achieved significant milestones by reaching agreements with its bilateral creditor group and bondholders, covering about 75 percent of the debt within the restructuring perimeter.
