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Monday, 26 August 2013

Is Chikwanda pushing Zambia into another debt trap?

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. 

ABOUT THE AUTHOR
Chola Mukanga | Economist
Copyright © Zambian Economist 2013

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2 comments:

  1. MrK5 September 2013 at 18:21

    Hi Cho,

    It's been way too long. I hope you and your wife are doing great.

    Looking at this data, it looks like nearly all the debt increase is in the post Suppliers/Bank/Export, which tripled from 448.7 to 1,557.9 (up 1,109.2) and made total debt go from 1,980.0 to 3179.6 up (1,199.6).

    What is in that post?

    ReplyDelete
    Replies
    1. Chola Mukanga4 October 2013 at 13:31

      Its been long indeed! Doing well! Thanks!

      That includes the Eurobond ($750m) plus other Chinese loans.
      Multilateral funding is also up.

      Delete

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