Zambian President Hakainde Hichilema said on Friday his new government would implement policies to reduce the fiscal deficit, restore economic growth and review mining policies.
In his first address to a new session of parliament since his election in August, Hichilema said officials would also review agricultural policies, revise electricity prices and reform state power firm Zesco.
"Rebuilding our economy is top on our agenda. We will implement policies to address the fiscal deficit while ensuring that confidence is restored in the markets," Hichilema said. Zambia's external debt includes about $3bn in Eurobonds, $3.5bn in bilateral debt, $2.1bn owed to multilateral agencies and $2.9bn in commercial bank debt.
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