President Hakainde Hichilema is hopeful that an agreement can be reached with creditors regarding the restructuring of Zambia’s debt. The government is currently in the final stages of discussions with creditors and is optimistic about a positive outcome.
President Hichilema of Zambia is feeling positive about the possibility of reaching an agreement with the country’s creditors. He has been in communication with China and France, who are leading the committee responsible for discussing Zambia’s debt restructuring.
President Hichilema remains optimistic about reaching an agreement with creditors as he prepares to meet with French President Emmanuel Macron on the 10th of this month to discuss the issues surrounding Zambia’s debt. The Head of State is committed to finding a solution that will benefit both the country and its creditors.
During his upcoming trip to London, President Hichilema is optimistic about the possibility of reaching an agreement with creditors. In addition to his meetings with debt stakeholders, he plans to engage in discussions aimed at finding a mutually beneficial solution to Zambia’s debt crisis.
During a meeting with University of Zambia (UNZA) management, students, and the workers union, President Hichilema expressed optimism about reaching an agreement with creditors.
He believes that once this is accomplished, the government will have enough funds to provide support for important social sectors such as education.
Despite facing criticism from some quarters, President Hichilema remains optimistic about reaching an agreement with creditors on debt restructuring. He emphasized that the government is focused on the negotiations and not distracted by naysayers. The president also noted that progress is being made behind the scenes, and he is confident that a positive outcome will be achieved.
President Hichilema expressed optimism about reaching an agreement with creditors. However, he also expressed disappointment in the previous government’s decision to withdraw meal allowances from students.
In addition to this, he recognizes the importance of education in growing the economy and creating a decent society. The President has emphasized that the government understands the challenges faced by the University of Zambia and other institutions of higher learning. He has tasked the Education Minister, Douglas Syakalima, with addressing these challenges and ensuring that students receive the support they need to succeed. Furthermore, the President has stated that meal allowances are a basic minimum that the government can provide to support vulnerable students.
Zambian President Hichilema remains optimistic about reaching an agreement with the country’s creditors. Despite the challenges faced by the University of Zambia, its Council Chairperson Michael Chilala is determined to take the institution to greater heights. Meanwhile, the University of Zambia Students Union President Chandra Choongo expressed gratitude to the government for reintroducing the meal allowance, which will greatly improve the welfare of the students.
According to Andrew Phiri, a representative of the UNZA Workers Union, employees are currently unable to access the 20 percent NAPSA partial withdrawal due to the institution’s significant debt and inability to meet statutory obligations. However, Hichilema’s administration is committed to finding solutions and improving the country’s economic situation.
In order to address the challenges faced by workers, Mr. Phiri has urged the government to provide assistance.
