Done deal!
Published On March 26, 2024 » 922 Views» By Times Reporter » Latest News
 0 stars
Register to vote!

By JOSEPH BANDA –
THE Zambia External Bondholder Steering Committee yesterday announced a US$ 3.5 billion debt restructuring agreement with the Government.
And a separate statement from the London stock exchange says the bondholders will forego US$840 million of their claims and provide a cash relief of US$2.5 billion during the IMF programme.
The agreement was expected to support Zambia’s economic restoration and debt sustainability in the context of the Tnternational Monetary |fund (IMF) financed programmes.

Read more

Share this post
Tags

About The Author