Lusaka, 25 January, 2022 / 2:52 pm (ACI Africa).
Members of the Civil Society Organization (CSO) Debt Alliance in Zambia have lauded the country’s government for what they have described as “notable positives” in recovering the Southern African nation’s ailing economy.
In a Monday, January 24 statement, CSO Debt Alliance officials who include members of the Jesuit Centre for Theological Reflection (JCTR) and Caritas Zambia express hope that the government will continue engaging in constructive dialogue with private creditors to secure a deal on comparable terms to eliminate the country’s dues.
“Under the new administration government, the Zambian economy has posited some notable positives suggesting that the efforts to recalibrate the ailing economy through favorable and stable policies will begin to pay off,” CSO Alliance members say.
They add, “The gain in the currency whose effect has trickled down into other areas of the economy can be noted. This is in tandem with goodwill from the international community which has seemingly further pushed the notable gains in the direction of economic resurgence.”
Members of the Debt Alliance that consists of organizations and individuals who have a vested interest in public debt management in Zambia also commend the Zambian government “for the strides made so far in reaching the Staff Level Agreement (SLA) with the International Monetary Fund (IMF) and the swift turnaround in achieving the much-needed agreement.”
