Zambia to Sign Final Bilateral Debt-Revamp Deals by September
Zambia aims to sign debt-restructuring deals with its remaining bilateral creditors by the third quarter, said Finance Minister Situmbeko Musokotwane, helping to bring closure to a years-long effort.
The copper-rich southern African nation has already finalized deals with France and Saudi Arabia, yet agreements with other creditor countries — including the largest, China — remain pending. That's yet another reminder of the painstakingly slow progress that governments have made with debt workouts in the wake of the pandemic.
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