BY BRIAN MWALE-
The African Development Bank -ADB- has pledged to help renegotiate Zambia’s debt.
ADB President AKINWUMI ADESINA says this will be done through the bank’s African Legal Support facility to help renegotiate debt obligations and dialogue.
Dr. ADESINA also congratulated Zambia for securing a debt restructuring deal saying it creates hope, confidence in Zambia’s economy, helps attract investments and prosperity for national development strategy.
Dr ADESINA was speaking during a meeting with President HAKAINDE HICHLEMA at State House.
And Dr. ADESINA said the ADB working with the IMF and World Bank are considering offering Zambia between 150-million dollars in support.
President HICHILEMA thanked Dr. ADESINA and the ADB for their support in securing a debt restructuring deal.President HICHILEMA said the ADB with other Multilateral partners and countries played a key role in helping Zambia secure the deal.
He said it was difficult for the government to achieve a lot of things in the face of a huge debt burden.
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