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TitleReversing Zambia’s high risk of debt distress
AuthorBanda-Muleya, Florence; Nalishebo, Shebo
Date of Publication201808
PublisherZambia Institute for Policy Analysis and Research (ZIPAR)
Number of Pages32 pages
Geographical CoverageZambia
KeywordsDomestic Debt in Zambia, Zambia’s Debt Management Capacity
AbstractZambia targets to become a prosperous middle income nation by 2030. In an attempt to diversify, industrialise, modernise and decentralise the economy, Government embarked on various infrastructure projects such as roads, bridges, hospitals and schools, more so in Lusaka and the Copperbelt and created over 40 new districts. Additionally high wage adjustments were undertaken to cushion the cost of living for public servants, whereas allocations to agriculture subsidies increased with the belief that the subsidies were pivotal in improving production in the agriculture sector. However, these attempts have not come without cost; the several public investment programmes have mostly been front-loaded with borrowed resources while wage increases escalated the wage bill to about 50% of domestic revenues.
Copyright HolderZambia Institute for Policy Analysis and Research (ZIPAR)
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Filesize1343167 MB
File FormatPDF
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