A useful fairly recent EAZ paper on the status of Zambia's domestic and external debt. The currently external debt is just under US$2bn, with the last debt sustainability analysis pointing to a headroom of around US1bn. But without the analysis been made widely available for scrutiny it is difficult to place much faith in that. The case remains strong for a proper debt management bill, which was a PF manifesto / electoral commitment - and noises are still be heard in that direction.
The Status of Zambia Domestic Debt and External Debt
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