Govt assures bondholders on debt relief terms
Published On October 10, 2022 » 1221 Views» By Times Reporter » Latest News
 0 stars
Register to vote!
. Musokotwane

By JAMES KUNDA-
THE Government has told investors that it hopes to agree debt relief terms with official creditors by the end of this year or early next year.
In a presentation made to holders of Zambia’s three Eurobonds on Friday, the country reveals that a present value reduction of $6.3 billion, or 49 per cent of the external debt being restructured, was needed by 2027, to meet targets set by the International Monetary Fund (IMF).
Read more

Share this post
Tags

About The Author