By NATION REPORTER
The answer to Zambia’s debt question is with China and the country’s long-term development prospects are strongly tied to the world’s second biggest economy, former Lusaka Province minister Bowman Lusambo has said.
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Mr Lusambo said he was of sincere
hope that the engines of the ZAF 1 Gulfstream G-650 Presidential Jet were
getting ready to take off and fly President Hakainde Hichilema to China to
engage with President Xi Jinping.
“We also know that whether President
Hichilema and his friends from Washington like it or not, ku Beijing kwena
muzayenda baba,” he said.
Meanwhile, Kankoyo Member of
Parliament Heartson Mabeta said out of the US$31 billion borrowed, Zambia only
owes China six billion dollars.
Mr Mabeta wondered how Zambia could
use US$6 billion to restructure US$31 billion.
“The MoU in Washington has a
detailed plan of how much each creditor including China are going to contribute
towards the restructuring of the total debt,” he said.
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