The Veterinary Association of Zambia, VAZ, says successful Debt Restructuring Agreement presents an opportunity for government to prioritize safeguarding animal health, ensuring food security and supporting agricultural development, through recruitment of veterinarians and veterinary paraprofessionals.
Zambia, on Monday reached a deal with its creditors to restructure more than $3.5bn of its international bonds with private investors, where creditors will forego $840m in claims.
VAZ President Malcom Chiyoba says the restructured debt is a significant step forward for Zambia’s economic recovery and presents an opportunity to address critical sectors, including the Livestock sector.
He said government now has a chance to recruit and train veterinary personnel to enhance its resilience to environmental challenges and promote sustainable economic growth.
Dr. Chiyoba said this will bridge current gaps in service delivery.
“Stakeholders in the veterinary sector, VAZ remains committed to collaborating with government and relevant stakeholders to support the effective implementation of debt restructuring initiatives,” said Dr. Chiyoba in a statement issued to RCV New in Lusaka today.
By Eva Hatontola
