Some political parties to meet Zambia’s donors

APC president Nason Msoni

The opposition All People’s Congress (APC) has disclosed that talks among opposition parties have reached an advanced stage over their plans to meet donors over Zambia’s continued debt contraction.

APC president Nason Msoni says opposition political parties whom he has not named also intend, in the next two or three months, to meet Zambia’s lenders.

Mr. Msoni has told Qfm News that this political strategy is meant to put their case, to Zambia’s bilateral and multilateral cooperating partners and lenders, why the country should not be given an opportunity borrow further than it has already contracted in debt until the country has a more responsible government.

He says opposition political parties have come to the conclusion that both the countries cooperating partners and lenders need to be sensitized to act more responsibly.

Mr. Msoni has explained that this is because the opposition thinks that the PF government is borrowing irresponsibly.

He says this is partly on the account that the PF government has failed to properly account for the US$750 million and US$1 billion Eurobonds it has already issued on the International Capital Market.

The APC president states that opposition political parties think that such irresponsible borrowing by the PF government has now gotten out of hand following the increase of Zambia’s foreign debt ceiling from K35 Billion to K60 Billion.

He says the opposition suspects that the PF government is using such legitimate means to raise its own funds for the 2016 general elections campaigns.

The opposition leader notes that Zambia today has now become a good case study of the argument that nations whose debt has been forgiven do not save any purpose when they have irresponsible leaders.

He says this is because after campaigning for relief of its earlier debt, Zambia has come back to square one under the PF government but with nothing to show off.