We’ve acquired loan to build high schools – Musokotwane

FINANCE Minister Dr Situmbeko Musokotwane says government has acquired a loan from the World Bank meant to build high schools in provinces which were previously neglected. And Musokotwane says government currently owes Chinese creditors US$5.75 billion. Meanwhile, Dr Musokotwane says government will not cancel the debt restructuring contract with Lazard Freres because that can cost the country more money. Responding to questions in parliament after presenting a ministerial statement yesterday, Dr Musokotwane the UPND government would also borrow. “The UPND government will borrow money. As we stand now, we are negotiating for a loan and I think it is actually signed. This loan is to construct high schools. Madam Speaker, I say so with a very clear conscious in my...