EAZ concerned, govt borrowing is without proper appraisal

The Economics Association of Zambia is concerned with the rate at which government is contracting debt.

Crispin Mphuka

EAZ President Crispin Mphuka says although government is justifying its borrowing in order to finance projects, it is doing so without a proper appraisal system in place.

Dr. Mphuka notes that in the absence of a project appraisal mechanism, there is no way to ascertain the viability of the projects the government is borrowing for.

He says it is a waste of money to commit resources to projects in such a manner when the country is already struggling economically.

Dr. Mphuka says government should rethink its borrowing decisions before the economy is plunged into chaos.