Zambia’s external debt rises to $7.2 billion – finmin

Dollar banknotes are seen in this picture illustration taken April 28, 2017. REUTERS/Dado Ruvic

LUSAKA (Reuters) – Zambia’s external debt stood at $7.2 billion at the end of May, up from $6.86 billion at the end of last year, Finance Minister Felix Mutati said on Tuesday.

Mutati was clarifying the borrowing figure after erroneously saying last week external debt had risen to $17.2 billion.

(Reporting by Chris Mfula; Writing by Joe Brock; Editing by Ed Stoddard)

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