CHINA TO CANCEL ZAMBIA’S DEBT TO INTEREST FREE LOANS

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CHINESE Ambassador to Zambia Li Jie has confirmed that China would consider cancelling the country’s debt in form of interest free common loans that have matured by the end of 2020.

MrJie also said China would extend Zambia’s period of debt suspension from May 2020 to December 2020.

Mr Jie made the disclosure during the commissioning of 50 Police housing units in Mazabuka which were commissioned by President Edgar Lungu yesterday.

He said to help Zambia cushion the impact of Covid-19, it was important for the two countries to step up cooperation and consultations.

“We will consider cancelling the debt of Zambia to China in form of interest-free common loans that have to be matured by the end of 2020, we will further extend the period date of suspension for Zambia from May to December 2020 to help Zambia carry out the current difficulties,”Mr Jie said.

He also said Zambia would be among the first countries that would be supplied with the Covid-19 vaccine once its development and deployment is completed.

And President Lungu directed Housing and Infrastructure Minister Vincent Mwale to prioritize completion of police housing units to reduce challenges being experienced by officers to deliver quality services to the people.

President Lungu said while he appreciated the challenges being faced by police officers, resources could be a challenge especially with foreseen circumstances such as Covid-19.

And Minister of Home Affairs Stephen Kampyongo said he was happy and proud to serve the country under President Lungu owing to his unwavering commitment and dedication to providing decent accommodation to men and women in uniform.

Mr Kampyongo said the police officers in Mazabuka had borne the brunt of poor housing for a long time, as most of the houses in the camp were in a deplorable state.

Meanwhile, Inspector General of Police, Kakoma Kanganja said the houses would go a long way in improving their work culture and motivate officers to work extra hard.

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