The Zambia Institute of Chartered Accountants – ZICA has challenged Government through the ministry of Finance and National Planning to consider having a plan B in case the debt restructuring process takes longer than planned stating the country may lose gains achieved so far.
Speaking during the ZICA media briefing for the first quarter of 2023 on matters that affect the Accountancy profession and the nation at large, ZICA President Cecilia Zimba said the Institute has taken keen interest in the ongoing discussions and developments on the country’s debt restructuring process and join all the concerned parties and partners who have expressed deep concern about the debt restructuring stalemate.
“As devoted citizens, ZICA would like the country to come out of the negative tag attributed to its default status since 2020, so that the Government can properly execute its economic recovery plan,” Ms. Zimba said.
She further urged the Minister of Finance to keep pushing and start considering having a PLAN B in case the debt restructuring process takes longer than planned.
