Economist calls for holistic approach to sort out Zambia’s mining policies
Written by MillenniumEditor2 on August 6, 2021
Economist Trevor Hambayi says post elections; there is need for a holistic approach to sort out mining polies and the country’s debt in order to have enhanced economic stability.
Mr Hambayi says with the country’s debt being at $12.74 billion, debt liability payments of around $1.2 billion per year is something which the country cannot afford to meet in repayment.
Mr Hambayi says as part of immediate post-election drive to economic recovery, there is need for reliable power supply and generation and debt restructuring.
Mr Hambayi there is also need to resolve the country’s mining policies to maximize on the rising cost of copper on the international market.
He says among the policy issues that have caused disputes in the mining sector that need to be resolved include mineral royalty and VAT refunds that has existed as far back as 2015.