I’m unaware of any sinking fund set up under PF – Musokotwane

FINANCE and National Planning Minister Dr Situmbeko Musokotwane says he never found any sinking fund that was established by the PF government to redeem the Eurobond. Back in 2018, the PF government claimed to have set up a sinking fund to raise funds for the payment of the Eurobond and in 2019, then finance minister Dr Bwalya Ng’andu said government had accumulated US$10 million in the fund. But in an interview, Wednesday, Dr Musokotwane said he was not aware of that sinking fund. “I am not aware of the existence of that sinking fund, but in any case you do a sinking fund when you still have a long way to go before the payments that you are sticking to…...