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Antonio Mwanza Analyses Zambia’s Debt Situation

Hon. Felix Mutati, the Minister of Finance has not been honest with regards to the debt situation Zambia is currently in.

Contrary to the lies that Mutati has been feeding the nation about the IMF deal, the truth is that the IMF has suspended talks with Zambia on the IMF loan because they don’t agree with the Goverment’s unsustainable borrowing.

The IMF has further revealed that Zambia has the highest debt in the Sub-Saharan region.

The sad truth is that while our debt has been rising, our economy has been shrinking with growth slumping from 7% to 3.5%.

Now that the IMF deal has collapsed, what next for Mutati and his PF Government? The open market? At what interest rate?

Where has the money they got from kaloba gone because there’s literally no production in our economy? What happened to the debt money.

Antonio Mwanza

18 Comments

  1. Jacob Makweti

    So it means that our debt is worse than Zimbabwe.

    Reply
  2. Wise Me

    Where is the $150m+$250m given to Zambia Railways received from the Eurobond since the frequency of train derailment has now increased? Bring back professor Atanga to explain just as he used to on ZNBC.

    Reply
  3. FGM

    If indeed the actual amount of the loan has been hidden to the taxpayers who shall eventually be told to tighten their belts ; one would only conclude that the borrowed money was not put to good use. It pays to be honest and transparent when in leadership as all would selflessly embrace the decisions taken by the leaders.

    Reply
  4. Spannerboy Zulu

    China will bail you out in exchange for land. It’s already happening.

    Ifintu Ni Lungu!!!!

    Reply
    • Sj

      Why keep window dressing a country’s debt? Let the truth be told! Or is it not an opportune time. Comment

      Reply
  5. mukube

    Then what’s going on to our country in 2018

    Reply
  6. chikanda

    Comment @

    Reply
  7. jimmy shaba

    WE ARE IN TROUBLE.UNDER MWANAWASA THE DEBT STOCK WAS WRITTEN OFF.WE ARE NOW IN ANOTHER DEBT TRAP.

    Reply
  8. masked hacker

    can some one help me understand why the country borrowed money they can’t pay back

    Reply
  9. THE MASKED HACKER

    why borrow money you can’t pay back

    Reply
  10. FROOZEE GENIUS

    Aya amalyashi nikaleya mateyo

    Reply
  11. King David

    As a government they should learn to tell the truth about position of the nation.

    Reply
  12. LIVINGI LUSAKA MAN P

    Indeed God will bless u I thank u more blessings ar still to come

    Reply
  13. kambwili

    Shame for our beautiful country to be wasted like this. Wake up Zambians!! It’s never too late, our only hope now is the ConCourt. Let’s get rid of the thieves, we have brilliant people like Nawakwi and HH. We don’t have shortage of leaders in the country..

    Reply
  14. Mike mwelwa junior saka

    He was disparate crying for power but he’s failing to manage it

    Reply
  15. Mike mwelwa junior saka

    He was disparate crying for power but he’s failing to manage it

    Reply
  16. Genius person

    Fintu ni lungu

    Reply
  17. One M

    What Is The Way Forward?

    Reply

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