The Financial Sector Deepening Africa (FSDA) is of the view that the performance of the private sector on credit markets in Zambia can primarily be enhanced if the government starts to live within its means.
FSDA Director Mark Napier has observed that the current economic status does not make the markets attractive for the private sector and therefore constraining their performance.
Expert Munyumba Mutwale, of Nikiwa Capital says that government should reduce their presence on credit markets to allow for more private sector particiapation if they are to lead in driving economic development.
He says the market is really constrained and therefore hampers on private sector participation and its economic contribution.
FSDA Director, Mr. Napier says that the local economy needs to be brought under control saying this will allow for banks and other financing institutions to see sectors that have more opportunities.
He says lot of the time fianancial institutions do not understand the nature of the markets into which they are lending and therefore rarely see opportunities in other sectors.
Mr. Napier has to this effect emphasized on the importance of good quality market information for the development of the markets.