Lusaka, 10 May, 2022 / 4:06 pm (ACI Africa).
Members of the Civil Society Organization (CSO) Debt Alliance in Zambia have described the country’s outstanding public debt as “an unsettling fiscal challenge.”
In a Tuesday, May 10 statement, CSO Debt Alliance officials who include members of the Jesuit Centre for Theological Reflection (JCTR) and Caritas Zambia also call on the Zambian government to publish the concluded Debt Sustainability Analysis (DSA).
DSA is an assessment of how a country's current level of debt and prospective borrowing affects its current and future ability to meet debt service obligations.
“The unsustainability of Zambia’s public debt has remained an unsettling fiscal challenge over the past years,” CSO Debt Alliance chairperson, Fr. Alex Muyebe has said.
In the statement, Fr. Muyebe says that calls to restructure the debt and set the Zambian economy on a path towards sustainable growth "have been voluminous among stakeholders, most of which have underscored the inevitable need for debt relief.”