Done deal!
Published On March 26, 2024 » 1247 Views» By Times Reporter » Latest News
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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.

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