Q FM Africa's Modern Radio
Green Party President, Peter Sinkamba doubts the refinancing of the Eurobond by Turkey will materialize considering the state of the Turkish economy.
Mr. Sinkamba says Government should just as well forget about the Turkish bailout looking the rapid decay in the Turkish economy.
He states that the Turkish economy in serious shambles following US President Donald Trump’s doubling of trade tariffs on aluminum and steel.
Ms. Sinkamba has since advised the Zambian Government to come to terms with reality by seriously considering other options to sort out the Eurobond gig-saw puzzle.
He has cited the recent move by the Turkish government to slash its economic growth forecast for 2018 from 5.5% to 4% as proof that things are economically deteriorating in Turkey.
Mr. Sinkamba says if economic events in Turkey continue on this trajectory, the Zambian Government should forget about the anticipated Eurobond refinancing.