GOVT IMPLORED TO REVEAL THE CURRENT STATUS OF THE FOREIGN RESERVES

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GOVT IMPLORED TO REVEAL THE CURRENT STATUS OF THE FOREIGN RESERVES

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By Golden Yalenga

 

Stakeholders have implored the government to indicate the current status of the foreign reserves in the bid to reduce anxiety among citizens.

 

The standard bank group which trades in Zambia as Stanbic bank recently highlighted that foreign exchange reserves in Zambia could decline further to 1 billion United States dollars before the end of June.

 

The group further stated that in a bid to raise funds required to repay Eurobond maturities, the country would easily sell some of its assets.

 

Financial expert Mambo Hamaundu has observed that the signs for debt distress have started manifesting hence the need for government to heighten the inventions.

 

Meanwhile Alliance for Community Action Project Officer Zengeni Simuchembu has urged the government to strictly implement the austerity measures.

 

 

 

 

 

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