Find us on Google+

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

THEMES :

2 comments:

  1. 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. Its been long indeed! Doing well! Thanks!

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

      Delete

All contributors should follow the basic principles of a productive dialogue: communicate their perspective, ask, comment, respond,and share information and knowledge, but do all this with a positive approach.

This is a friendly website. However, if you feel compelled to comment 'anonymously', you are strongly encouraged to state your location / adopt a unique nick name so that other commentators/readers do not confuse your comments with other individuals also commenting anonymously.

Subscribe to: Post Comments (Atom)