Government urged to come out clean on debt swap

Written by on July 23, 2021

Financial analyst Blessings Kafwanka has urged government to handle the miss-communication around the debt swap better following the uncertainty that has surround the initiative.

Uncertainty has characterized the civil servants debt swap initiative following the bankers association of Zambia advice to the public service workers with existing loans obtained from commercial banks and other financial institutions that existing terms and conditions under which the loans were contracted are still in force.

Mr Kafwanka says the miscommunication surrounding the debt swap clear shows that there is luck of engagement between government and the financial institutions.

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