By Lukundo Nankamba
Economist Naylor Kopakopa says Zambia risks losing potential investors, lower national savings, tax hikes and spending cuts in an event that the country fails to restructure its debt.
Mr. Kopakopa tells Phoenix News that government’s projection of restructuring debt through the International Monetary Fund –IMF- bailout plan by end of June 2022 has proved impossible, a situation he says seems unattainable anytime soon.
He is concerned that the country has been
Mr. Kopakopa has warned that debt restructuring is a huge undertaking for the economy and if it fails has huge negative consequences to the economy.