To avoid potential financial setbacks, experts from the Zambia Institute of Chartered Accountants (ZICA) are urging the government to develop a backup plan in case the debt restructuring process takes longer than expected. It is important for the government to be prepared for any delays that may arise during this process to ensure that the country’s financial stability is not compromised. ZICA’s recommendation highlights the need for proactive measures to be taken to mitigate any potential risks associated with debt restructuring.
Zambia’s debt restructuring process has hit a stalemate, and experts are urging the government to have a backup plan in case of further delays. Cecilia Zimba, President of the Zambia Institute of Chartered Accountants (ZICA), expressed concern about the situation during a quarterly briefing in Lusaka. ZICA has been closely monitoring the discussions and developments surrounding the country’s debt restructuring and is urging the government to be prepared for any potential setbacks.
Economic experts are urging the government to have a backup plan in case of delays in debt restructuring. While debt sustainability is an important aspect of the economic recovery plan, there are other key areas that also require attention. Mrs. Zimba, a prominent figure in the economic community, is calling for a renewed focus on these areas to ensure that the recovery is not derailed. By achieving quick wins in other areas, the government can mitigate the impact of any potential delays in debt restructuring.
As delays in debt restructuring continue to cause concern, experts are urging the government to have a backup plan in place. One potential solution is for Zambian officials to hold a direct meeting with Chinese authorities, who have been identified as a key factor in the delays. By exploring alternative options and being proactive in their approach, the government can work towards a more effective resolution to the ongoing debt restructuring challenges.
Mrs. Zimba, however, suggests that a visit to China could help strengthen the relationship and expedite the process. With the current economic climate, it is important for the government to have contingency plans in place to ensure the country’s financial stability.
