Zambia on track for debt restructuring next quarter -finance minister

Zambia is pushing hard to complete the restructuring of nearly $15 billion of external debt in the first quarter of 2023 and is “in active engagement” with its largest bilateral creditor China, Zambia’s finance minister said in an interview at the Reuters NEXT conference. Zambia defaulted on its sovereign debt in 2020 and the current

Deal to resolve Zambia’s debt crisis ‘LIKELY’

By Leo Komminoth June 16th 2022 • Zambia • Finance & Services Zambian officials met with an official committee of the country’s international creditors for the first time on Thursday as Lusaka seeks to negotiate a deal to restructure its unsustainable debt load and unlock IMF funding. The official creditor committee consists of members of

All Weather Friend -China

The Director General African Affairs, for the People’s Republic of China, Mr Wu Peng, who is in Zambia with a message from His Excellency President Xi Jinping. China and France yesterday chaired IMF Common Framework meeting on Zambia’s debt situation. Zambia needs to be unlocked so that her economy can be opened up to more