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Zambia , Thursday 16 April 2026

Zambia aims for IMF debt deal in May - Finance Minister

Published on: Tuesday 01 February 2022

Zambia aims for IMF debt deal in May - Finance Minister Zambia expects an International Monetary Fund (IMF) debt health check to be finalised this month, to strike a restructuring deal with creditors by April and get a formal agreement with the fund signed off in May, its finance minister said. "I have to be optimistic, because in the absence of optimism where can Zambia go?" Situmbeko Musokotwane told Reuters in an interview on Tuesday. In 2020, Zambia became the first pandemic-era sovereign default and it is buckling under a debt burden of more than 120% of gross domestic product (GDP).


News source: https://news.yahoo.com/zambia-aims-imf-debt-deal-155055766.html

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