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{
    "id": 841537,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/841537/?format=api",
    "text_counter": 453,
    "type": "speech",
    "speaker_name": "Sen. Wetangula",
    "speaker_title": "",
    "speaker": {
        "id": 210,
        "legal_name": "Moses Masika Wetangula",
        "slug": "moses-wetangula"
    },
    "content": "Thank you, Madam Temporary Speaker. You have seen even the altercation between the International Monetary Fund (IMF), the lender of the last resort, and our Cabinet Secretary for Finance. The IMF has now said that we are not eligible to borrow from them. If we do not do that, then the inevitable may happen. If we cannot pay to our largest creditor, China, which does not give us concessional, but commercial loans, then we run the risk of our country foreclosed. We have heard of Sri Lanka being foreclosed and there is a threat to foreclose Zambia. In Argentina, the economy has collapsed and now it is technically insolvent, because of heavy borrowing from the same Chinese. The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate."
}