Zambia Association of Manufacturers Foresees Economic Recovery Post-Debt Restructuring
The Zambia Association of Manufacturers (ZAM) expresses confidence in the restoration of Zambia’s credibility among the international community and lending institutions following debt restructuring.
ZAM President Ashu Sagar asserts that Zambia can now focus on economic growth, thanks to debt restructuring measures. Sagar emphasizes that restructuring will enable the country to allocate resources towards crucial sectors, promoting investment and development.
The previous debt burden had created uncertainty for the private sector and potential investors, hindering domestic economic growth. Sagar urges remaining commercial creditors to expedite negotiations to ensure a swift resolution.
ZAM anticipates that the debt restructuring deal will attract increased investment, spur job creation, and facilitate sustainable economic growth in Zambia.
SOURCE:znbc
