Since PF came to power Zambia's external debt is nearly double what it was 2 years ago (The chart below is in fact an underestimate because it has no 2013 figures). In 2012 alone, Alexander Chikwanda borrowed a staggering 14 times abroad! We are paying nearly $300m annually in debt repayments, and that figure is rising everyday.
For related discussions on Zambia's rising debt and what can be done see here.
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Chola Mukanga | Economist
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