Search
  1. Home
  2. Southern Africa
  3. Zambia

Debt service stands at US $130 million

    JOHANNESBURG

    Zambia’s Vice-President Christon Tembo said his country currently spends more than US $130 million annually on debt repayment to service its US $6 billion foreign debt, news reports said.

    Tembo, addressing a conference on Poverty Reduction Strategy Paper (PRSP) in the capital, Lusaka on Thursday, said the country’s ability to service the debt is dependent on what the country exports, while debt servicing consumes 16 percent of export earnings.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

    Share this article

    Our ability to deliver compelling, field-based reporting on humanitarian crises rests on a few key principles: deep expertise, an unwavering commitment to amplifying affected voices, and a belief in the power of independent journalism to drive real change.

    We need your help to sustain and expand our work. Your donation will support our unique approach to journalism, helping fund everything from field-based investigations to the innovative storytelling that ensures marginalised voices are heard.

    Please consider joining our membership programme. Together, we can continue to make a meaningful impact on how the world responds to crises.

    Become a member of The New Humanitarian

    Support our journalism and become more involved in our community. Help us deliver informative, accessible, independent journalism that you can trust and provides accountability to the millions of people affected by crises worldwide.

    Join