Zambia’s external debt stock has increased to 11.2 billion dollars from 10.23 billion as of December 2019.
Finance Minister Bwalya Ng’andu has attributed the increase to new disbursements for infrastructure development.
Dr. Ng’andu was speaking when he updated the nation on the state of the economy.
The Minister says Zambia’s current import cover stands at 1.6 months.
He adds that government is currently revising the medium term debt strategy to manage debt effectively.