Government last week issued the press release below on the current levels of public debt. GRZ is not known for this level of information flow, so the update represents a right step in keeping people informed :
The Zambian Government is on course with all external debt obligations. This is consistent with the need to maintain credit worthiness and safeguard macroeconomic stability through debt sustainability.In addition, both external [adding the USD 1 Billion Sovereign Bond] and domestic debt levels remain below the international thresholds of 40% and 25%, respectively. To ensure that we continue on this path, the Ministry of Finance will continue to maintain high standards of financial and economic governance.