Zambia’s Public Debt Status Post HIPC And MDR Initiatives
Abstract
The Public Debt reforms that the Zambian Government embarked on in 2004 aimed at strengthening debt management capacities of various Government institutions engaged in debt management should be accelerated. Currently, the institutions and policies that governed debt contraction and management at the height of the country’s debt crisis prior to HIPC and MDR debt cancellation initiatives still exist and if left unchecked may make debt management reforms ineffective. It is therefore the objective of this policy brief to analyze the status of Zambia’s debt stock and provide policy options for the country in face of the volatile global economy.
Description
Concerns for public debt levels have continued to take centre stage in the last few years mainly in industrialized countries. The Euro zone is the latest to be engulfed in debt crisis following substantial increase in sovereign debt levels in a number of Euro zone countries such as Greece, Ireland, Spain, Portugal and Italy. There has consequently been a fear of contagion of the crisis to other countries including developing and emerging countries due to increased interconnectedness in the global financial system.Citation
Chongo, G. (2012). Zambia’s Public Debt Status post HIPC and MDR Initiatives. Lusaka, Zambia: Jesuit Centre for Theological Reflection (JCTR)Subject
DEBT;Debt ManagementPublisher
Jesuit Centre for Theological ReflectionCollections
- Advocacy on Debt [1]