The Zambia Association Manufacturers took part in a meeting called by the Consumer Unity Trust Society (CUTS) International Lusaka to provide solutions to Zambia’s debt situation, a meeting at which ZAM shared private sector concerns on growing public debt on 16th July 2020. Private sector raised concerns around the effects of effects of debt on the economy such as inflation, crowding out effects, macro instability, reduced liquidity and the depreciating currency. Crowding out effects have been reducing the borrowing space for the private sector. This has now led to an increase in private sector debt from external sources, one key area of concern.
| Zambia Association of Manufacturers
