Felix Chipota Mutati prefers debt restructuring as delayed payment of US$11.2 billion international liability is a disastrous decision
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By Favourite Jenala Kalando in Lusaka, Zambia FORMER Finance Minister Felix Chipota Mutati is seeking a rapid response as the economy continue to be adversely affected by the global lockdown and poor performance of the Zambian Kwacha against international convertible currencies. As experts and communities equally continue to dialogue over the best mode of debt restructuring, her US$11.2 billion international liability, Mr. Mutati advised Finance Minister Dr. Bwalya Ng’andu that postponing repayment schedules for 2022, 2024 and 2025 to 2027 is not a lasting solution. Accordingly, the former Movement for Multiparty Democracy (MMD) Lunte Member of Parliament (MP) in the...