News Zambia Finance: UPDATE 1-Zambia finance minister: Official creditors have second meeting to discuss debt relief
Zambia's official sector creditors met on Thursday to discuss the type of debt relief to offer the country, Finance Minister Situmbeko Musoktwane told Reuters. Zambia became the first African sovereign default in the COVID-19 era in late 2020 and has been struggling to restructure debt that reached 133% of GDP at the end of 2021, which analysts have blamed partly on the high number and diversity of creditors. Zambia's external debt was $14.87 billion at the end of June 2022.
News Zambia Finance: Can Zambia’s Historic Debt Swap Drive Economic Growth?
Welcome to Foreign Policy's Africa Brief. Zambia launched the world's first debt-for-energy swap last month, offering to buy back $1.36 billion of its outstanding 2053 private bonds using a $600 ...
News Zambia Finance: All outstanding payments to farmers for the 2020/2021 season have now been cleared-Finance Minister
The government has released K667 million to the Food Reserve Agency (FRA) for outstanding payments to farmers under the 2020/2021 marketing ...
