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Zambia Hopes for Debt Deal by Q1 Next Year

by Cobus van Staden
File image of Zambian Finance Minister Situmbeko Musokotwane discussing the country's national budget at the Zambian Institute of Chartered Accountants. Image via the Zambian Finance Ministry.

The International Monetary Fund’s head of strategy, Ceyla Pazarbasioglu, will travel to Beijing next week for meetings with Chinese officials as part of a push for progress on Zambia’s debt restructuring. 

This comes as Zambia’s Finance Minister Situmbeko Musokotwane told Reuters that his government hopes to complete the restructuring of its $15 billion of external debt by the end of the first quarter next year.

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