GOVERNMENT HAS ASSURED ZAMBIANS AND CONCERNED STAKEHOLDERS THAT THE COUNTRY’S INTERNAL AND EXTERNAL DEBT IS SUSTAINABLE.
SPEAKING WHEN HE TOURED THE CONTINUED CONSTRUCTION OF GOVERNMENT COMPLEX IN LUSAKA TODAY, FINANCE AND NATIONAL PLANNING MINISTER DR. SITUMBEKO MUSOKOTWANE SAID THE B PLUS RATING INDICATES THAT THE COUNTRY IS MEETING ECONOMIC PARAMETERS SUCH AS POLITICAL STABILITY, ECONOMIC GROWTH AND SUSTAINABLE BALANCE OF PAYMENT.
DR. MUSOKOTWANE EXPLAINS THAT CONCERNED STAKEHOLDERS WHO ARE BUSY CRITICIZING THE B PLUS RATING AND ECONOMIC GROWTH ARE NOT GENUINE AND OBJECTIVE BECAUSE INTERNATIONAL ECONOMIC PERFORMANCE OBSERVERS LIKE THE INTERNATIONAL MONETARY FUND AND THE WORLD BANK HAVE SINCE NOTED THE GROWTH IN THE ECONOMY.
HE EXPLAINS THAT THE B PLUS RATING WILL ALLOW THE COUNTRY TO BORROW INTO BONDS OF ABOUT 500 MILLION BONDS AND THE PROCESS IS PROGRESSING WELL.
AND DR MUSOKOTWANE HAS DISCLOSED THAT ZAMBIA IS BIDDING FOR THE ANNUAL AFRICAN DEVELOPMENT BANK MEETING TO BE HELD IN 2013.
HE SAYS THE MEETING IS EXPECTED TO ATTRACT TOURISTS FOR THE COUNTRY WHICH WILL RESULT IN REVENUE COLLECTION UNLIKE IN THE PAST WHEN IT NEVER HAD FACILITIES.
MEANWHILE, DR MUSOKOTWANE HAS EXPRESSED HAPPINESS AT THE ON-GOING CONSTRUCTION OF THE GOVERNMENT COMPLEX NEW WING.
AND SPEAKING AFTER THE TOUR WITH THE MINISTER, CHINESE OWNED SHANGHAI CONSTRUCTION GENERAL COMPANY CHIEF PROJECT ENGINEER JERRY ZHONG HAS INDICATED THAT THE CONSTRUCTION OF THE $26MILLION COMPLEX WILL BE COMPLETED IN SEPTEMBER THIS YEAR.
MR. ZHONG EXPLAINED THAT THE COMPLEX WILL HAVE VARIOUS CONFERENCE FACILITIES AND HIS COMPANY TOOK INTO CONSIDERATION THE NEED TO CREATE A HUGE PARKING SPACE WHICH WILL HOUSE ABOUT 600 CARS A DAY AND A CONFERENCE ROOM TO HOUSE ABOUT 1200 PEOPLE.
HE HAS SINCE CALLED ON GOVERNMENT TO HELP IN CLEARING CONSTRUCTION MATERIALS WHICH HAVE BEEN MAROONED AT CHIRUNDU BORDER FOR SOMETIME AS THIS MIGHTY DELAY THE CONSTRUCTION PROCESS.
###########
No comments:
Post a Comment