Musokotwane Defends Debt Restructuring

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Finance and National Planning Minister Dr. Situmbeko Musokotwane defended Zambia’s debt restructuring, rejecting claims of exaggeration. He said 94% of eligible debt has been restructured. Bilateral agreements with India, Saudi Arabia, France, and China cover 57% of the total. Dr. Musokotwane highlighted results: 5% average economic growth, nearly US$5 billion in reserves, mine expansions, and improvements in education and health services.