UPDATE 1-Zambia finance minister: Official creditors have second meeting to discuss debt relief
Published on: Thursday 12 January 2023
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.
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