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LUSAKA Camo Dalvin Cook Jersey , June 30 (Xinhua) -- International rating agency Fitch said Zambia's increasingly large budget deficit may prove too costly to finance, it said in a Tuesday statement.
Fitch said the new external financing could push government debt toward 40 percent of Gross Domestic Product (GDP) by the end of the year.
Last week, lawmakers approved a motion by the country's finance minister to increase the loan contraction ceiling from 35 billion Zambian Kwacha to 60 billion Kwacha.
"Tapping external sources of financing can expand an emerging market sovereign's investor base. But we have previously highlighted the risks of greater reliance on more expensive non- concessionary external financing to fund large budget deficits, particularly current expenditure. These include refinancing risk (although the Zambian authorities' announcement of a sinking fund to repay the sovereign's two Eurobonds mitigate this) and the risk that debt servicing costs rise due to currency depreciation," the statement said.
While the government has projected that the fiscal deficit will be above 4.6 percent announced in the 2015 budget Black Danielle Hunter Jersey , the International Monetary Fund (IMF) said the fiscal deficit could hit 7.7 percent.
According to the statement, increased domestic borrowing in the 2015 budget and a shortage of liquidity have already pushed up financing costs while demand for domestic securities have fallen short of supply so far this year.
"The build-up in arrears as well as higher-than-budgeted fiscal deficits will push government debt-to-GDP higher, beyond Fitch's previous forecast peak of 34.2 percent of GDP in 2017. A rising debt burden will see interest costs rise sharply. This reduces fiscal flexibility and will complicate consolidation efforts," the statement said.
A sustained deterioration in fiscal discipline would be negative for Zambia's sovereign credit profile, it added.
LONDON Black Eric Kendricks Jersey , Sept. 22 (Xinhua) -- A journal showing how Britain's 19th century monarch Queen Victoria learned to write Hindustani has gone on public display for the first time.
The diary brings to life the remarkable true story, now captured in a blockbuster movie, of the friendship between the widowed queen and Abdul Karim, her Indian servant and tutor.
The diary is the latest exhibit at Osborne, the queen's home on the Isle of Wight Black Trae Waynes Jersey , where some scenes for the film were shot.
The diary, showing how Victoria learned to write Hindustani under the tutelage of Karim, has been loaned by Queen Elizabeth to Osborne from the Royal Archive.
Dating from 1895, the incredibly rare diary shows Urdu characters in the Queen Victoria's own handwriting, above Abdul Karim's careful instruction. Alongside the journal are two signed photographs of Abdul at Osborne Black Laquon Treadwell Jersey , also on display for the first time. Victoria spent many hours with her "Munshi" (teacher) Abdul Karim.
Michael Hunter, English Heritage's Curator at Osborne, said: "The diary gives an intimate glimpse into the relationship of Queen Victoria and Abdul Karim. It's fascinating to see this elaborate script in her own handwriting, and the painstaking way that Abdul set out the lessons."
"Queen Victoria was incredibly curious about India and its traditions, so to learn Hindustani and write in Urdu was a hobby to which she remained faithful almost up to her death in 1901. It's an honor to have the diary back where it would originally have been written Black Ben Gedeon Jersey , to be returned home to Osborne once more."
The diary is on show until Sept. 30.
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VIENNA, March 4 (Xinhua) -- In Austria, 70 percent of women struggle with mid-life health problems related to menopause, expert said on Wednesday.
Alongside common symptoms such as hot flashes Black Jaleel Johnson Jersey , frequent depressive moods, joint pain, and high blood pressure can also occur. In addition the prescribing of medicines increases enormously during this phase of life, Gynaecology specialist Johannes Huber said at a press conference for the Menopause Society.
The use of anti-depressants is particularly noticeable, with 134 Black Pat Elflein Jersey ,950 women in Austria under the age of 50 being treated with psychotropic drugs, compared to 253,967 women over 50 using them. In comparison with men, over the same age range this increases from 64,180 to 80 Black Dalvin Cook Jersey ,380.
The experts said herbal remedies can help with some symptoms associated with menopause, particularly those containing isoflavones such as soy and red clover.
Gynaecologist Doris Linsberger said lifestyle counselling can also be of benefit.
""There are women who can not cope with the new situation of menopause and can for example suffer from an altered sexuality.""
She added these women need to be given advice, as women can go through the changes of menopause positively.
""For many new freedoms suddenly emerge,"" she said.
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TOKYO， Aug. 30 (Xinhua) -- Japan's unemployment rate dropped to 3 percent in July marking the lowest level in 21 years， as the national employment landscape is improving， the government said on Tuesday.
According to the Ministry of Internal Affairs and Communications， the unemployment rate on a seasonally adjusted basis was 3 percent in July， with the the number of employed persons in the recording month totaling 64.79 million， an increase of 980，000 or 1.5 percent from the previous year.
The number of unemployed persons in July， mea. |
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