Vice President Nalumango defends domestic borrowing strategy, says results are there for everyone to see

Borrowing is part of a broader strategy to address the country’s economic challenges, says Vice president, Mutale Nalumango, in her defence of government’s domestic borrowing policy.

The vice president noted that positive results from the borrowing strategy was already emerging.

Speaking during the Vice President’s Question Time in Parliament on Friday, Nalumango dismissed claims that the borrowing was reckless, stressing that the loans were targeted at reviving the economy and stabilising key economic indicators.

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She cited recent improvements in the exchange rate and reductions in fuel prices as early signs that the strategy was yielding results.

Nalumango said Zambia’s economic outlook was now showing positive trends, making it increasingly difficult for critics to fault the government’s management of the economy.

She reaffirmed government’s commitment to restoring fiscal discipline and rebuilding the economy for long-term, sustainable growth.

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