Q FM Africa's Modern Radio
Peter Sinkamba
Green party president peter sinkamba has advised Finance Minister Margret Mwanakatwe to consider selling some government assets in all mining companies as a way to redeem Eurobonds and high-interest Chinese loans.
Mr. Sinkamba hopes that the finance minister will focus more on viable fiscal discipline and asset optimization strategies with primary focus to dismantle pressing debts, especially high interest Chinese loans and Eurobonds.
He cited sale of ZCCM-IH shares in privatized mines as one of the key strategies that government can adopt to generate sufficient funds to liquidate such loans.
And Mr. Sinkamba has told QTV news in an interview that it wrong for government to give away ZESCO to the Chinese as a way to pay off loans which it got from china.
He argues that refinancing of loans is morally wrong because it is a form of economic enslavement of future generations.
Mr. Sinkamba disclosed that setting off Chinese loans with ZCCM-IH shares at this moment when china is hungry for resources can generate in excess of $5 billion additional income.