Zambia achieves 92 pct debt restructuring
Secretary to the Treasury Felix Nkulukusa said approximately 12.4 billion U.S. dollars of the country's external debt has been restructured to date.
Only 7.8 percent of the external debt remained to be restructured with private creditors, he said during a meeting reviewing the performance of the 2025 budget in the first half of the year, as well as recent economic developments.
In 2021, the Zambian government requested to restructure its external debt under the G20 Common Framework, a process established in response to the COVID-19 pandemic.
Meanwhile, Nkulukusa said Zambia is expected to outperform its peers due to restored debt sustainability, increased mining production, and effective economic reforms.
He added that Zambia is projected to experience a robust rebound with a 6.4 percent economic growth in 2026.
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