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Fresh from a deadly cholera outbreak, Zambia declares drought a ...
WEBFeb 29, 2024 · FILE - Zambian President Hakainde Hichilema addresses a press conference at his residence in Lusaka, Zambia, Monday, Aug. 16, 2021. Zambian President Hakainde Hichilema Thursday, Feb. 29, 2024, declared the country’s debilitating drought a national disaster and emergency, saying it has devastated food production and …
Zambia agrees ‘milestone’ debt relief plan with China and other …
WEBJun 23, 2023 · Zambia’s President Hakainde Hichilema praised Chinese president Xi Jinping on Friday “for helping us reach this significant milestone” after lenders led by China agreed to rearrange $6.3bn ...
Zambia debt deal hits fresh hurdle over official sector concerns
WEBNov 10, 2023 · Official lenders led by the IMF and Beijing, have questioned a deal to restructure nearly $4bn-worth of Zambia’s debt, in a major setback for attempts by the country to move on from a 2020 ...
Zambia clinches milestone debt restructuring deal with …
WEBOct 26, 2023 · Zambia was the first African country to default in the COVID-19 era, in late 2020, but its restructuring process has been beset by delays. International bondholders also complained they were left ...
Zambia strikes preliminary deal on $3 bln international bond …
WEBMar 25, 2024 · Zambia said on Monday it had reached agreement with a group of private creditors on restructuring $3 billion of its international bonds in a major step that brings the country closer to emerging ...
IMF Managing Director Welcomes Debt Treatment Agreement …
WEBJun 22, 2023 · “I warmly welcome Minister of Finance Situmbeko Musokotwane’s announcement that the Zambian authorities have reached an agreement with their official creditors on a debt treatment, consistent with the objectives of the IMF-supported program. This unique and innovative agreement specifies both a baseline and a contingent …
Zambia seals $6.3 billion restructuring in breakthrough for …
WEBJun 23, 2023 · Zambia has struck a deal to restructure $6.3 billion in debt owed to governments abroad including China, in a breakthrough for indebted nations around the world that have faced lengthy ...
Zambia, bilateral creditors agree debt rework memorandum of ...
WEBOct 14, 2023 · Zambia has agreed a memorandum of understanding (MoU) with its bilateral creditors on restructuring about $6.3 billion of debt, almost three years after the southern African country defaulted, the ...
Zambia | International Growth Centre
WEBFeb 22, 2024 · IGC Zambia produces data, actionable research, strategy, and economic policy advice focusing on natural resource governance, public-sector effectiveness, agriculture and firm productivity, with a cross-cutting focus on climate adaptation and poverty reduction.
Zambia’s foreign debt tragedy – what needs to happen to resolve …
WEBNov 28, 2023 · It should respect Zambia’s legal commitments to its creditors and serve its need for a sustainable and fair resolution to its debt crisis. First, Zambia should state that its goal is to reach an ...
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