Commonwealth Secretary General’s Approval of Zambia’s Debt Restructuring Deal

Commonwealth Secretary General Patricia Scotland praised Zambia’s debt restructuring deal with international creditors, stating it would enhance national resources. She acknowledged Zambia’s resilience amidst drought challenges and celebrated the legacy of Zambia’s first President, Dr. Kenneth Kaunda, during a public lecture at the University of Zambia.

The Commonwealth Secretary General, Patricia Scotland, expressed optimism regarding Zambia’s future following the recent debt restructuring agreement with international creditors. Mrs. Scotland noted that this agreement provides the country with the opportunity to allocate remaining resources towards critical national priorities. She lauded the resilience demonstrated by Zambia’s government in facing the challenges posed by the anticipated 2024 drought, highlighting their commitment to managing national issues effectively.

These remarks were made during a public lecture held in Lusaka, commemorating Zambia’s first President, Dr. Kenneth Kaunda, in celebration of what would have been his centenary. The event took place at the University of Zambia (UNZA), where Mrs. Scotland characterized Dr. Kaunda as a prominent advocate for peace and democracy, underscoring his significant contributions to both Zambia and global affairs.

Mr. Trevour Mwamba, representing the United National Independence Party (UNIP), paid tribute to Dr. Kaunda for his successful maintenance of peace and stability during his 27 years in power. UNZA’s Vice Chancellor, Mundia Muya, emphasized that the lecture provided valuable insights into Dr. Kaunda’s legacy and his impact on Zambia’s international standing, enriching the educational experience of students.

In summary, Commonwealth Secretary General Patricia Scotland applauded Zambia’s recent debt restructuring agreement, emphasizing its potential to enhance national priorities. The public lecture in honor of Dr. Kenneth Kaunda further celebrated his enduring legacy as a leader committed to peace and stability in both Zambia and the broader international community.

Original Source: znbc.co.zm