GP President Jackson Silavwe Calls on CHINA to Cancel Zambia's Debt
Channel: Kay Felix Inspire
Date: 2022-07-05

According to official Government data, Zambia's debt totalled $31.74 billion United States Dollars at the end of 2021, of which $17.27 billion was external debt. China held $5.78 billion of the external debt.

External debt is a problem for the entire developing world, but it’s particularly acute for the poorest countries, low-income countries like as Zambia. Zambia can never realise it's full economic potential with the current debt burden.

The relationship between the People's Republic of China and the Republic of Zambia is as old as Zambia itself. China has been an weather friend to the people of Zambia. A good friend indeed.

Just as the Chinese stood with Zambia during the construction of TAZARA rail line during the rhodesian era, yet again we call on them to cancel the bilateral debt Zambia owes the People's Republic of China. 

China understands that with the current indebtedness, they can never be a WIN WIN SOLUTION for Zambia. Zambia is locked in a terrible vicious poverty cycle which will only increase the hardships of ordinary Zambians.

In the spirit of the historical relations enjoyed between the two Countries, China must once again come to the aid of the Zambian people by cancelling the debt. Zambia needs a grand economic reset and China has the key.

As a Party, we make this call bearing in mind the full extent of the Chinese contributions to our Nation bilaterally, multilaterally, economically, private and public. 

As a Chinese proverb says “A good neighbor is a priceless treasure." Yet far apart in geographical distance, China is a treasure to Zambia. China must help Zambia again.

GPZ, Our People First.

Silavwe Jackson
President
Golden Party of Zambia
(GPZ).

#zambiasdebttochina
#jacksonsilavwe
#chinavszambia

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