An Economist says the decision by government to start marketing the three Eurobonds abroad is the right decision that will increase investor confidence in the Local economy.
Mr. Chibamba Kanyama notes that Foreign investors rely on the Ministry of Finance for accurate economic information which he says must be availed to investors on a timely basis.
Mr. Kanyama tells Money FM in an interview that negative sentiments on the local economy can be diffused with timely reactions from those managing the local economy.
The government has embarked on an initiative to market Zambia’s Eurobonds to investors while limiting information distortion on the local economy. Zambia acquired three Eurobonds of US$750 million in 2012, US$1 billion in 2014 and US1.25 billion in 2015.