“Debt Swap For Zambian Civil Servants Should Not Be Politicised"


The Zambian Government has charged that the Debt Swap Initiative for Civil Servants must not be politicised.

Information and Broadcasting Services Permanent Secretary Amos Malupenga says the initiative was proposed by civil servants and escalated to government sometime back.

Malupenga says government has started implementing the Debt Swap Initiative in fulfilment of its commitment to addressing various plights of workers in the country.

He says the Accountant General is set to meet various stakeholders to further explore the implementation of the initiative.

Malupenga said this during Special Interview on ZNBC TV1 on Monday.

He said the Debt Swap Initiative is likely to boost the disposable income of civil servants who are highly indebted.

Under the Debt Swap Initiative, Civil Servants’ loan repayment arrangement with various lending institutions will be moved to the Public Service Micro Finance Company.

The new loan obligation arrangement under the Public Service Micro Finance Company will be implemented with low interests.

Source: ZNBC《》RT

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