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Debt Management Should Be Priority for Zambia, Kalyalya Says
LUSAKA (Capital Markets in Africa) – Zambia must prioritize its debt management to protect the economy from a surge in borrowing costs, central bank Governor Denny Kalyalya said. “That’s one area that we really need to put a hand on so that it doesn’t overheat the economy,” Kalyalya said in an interview Wednesday in Washington. “If that happens then all these interest rates we’re talking about will go up very significantly.” Ballooning debt levels are key to negotiations…
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