The accumulation of unsustainable debt, among the world’s heavily indebted poor countries, has resulted in poor developmental progress for children. Since the 1990s, the United Nations Children’s Fund has been voicing out its concern about the plight of children in indebted poor countries, driven by spending on servicing external debt rather
than on basic health and education. Zambia is no stranger to high levels of Public debt. Prior to the year 2005, Zambia had accumulated a Total debt stock of 104% of Gross Domestic Product (GDP), way beyond the recommended debt thresholds. Like many other developing countries, Zambia needed debt relief since the huge debt stock presented a stumbling block to the quest to achieve meaningful development.
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