Economist optimistic of positive outcome from creditors meeting

Economist Lubinda Habazoka is optimistic of a positive outcome from today’s meeting between the government and Zambia’s creditors.

Dr Habazoka says it’s the outcome of today’s meeting with creditors that will help the country achieve it’s economic goals.

He has stressed the need for Zambia to grow capacity to generate revenue to be able to pay off the debt.

Dr Habazoka says the country needs to find other means to generate revenue from the mining industry and diversify the revenue streams to be able to reduce on the debt stress.

And Dr Habazoka believes once things are stable, Zambia will not be intimidated by the US$12 billion debt as it will be a walkover 10-years from now.