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Lots of Talk, Little Action: Zambia’s Debt Relief Process Remains Stalled Says Finance Minister

Zambian Finance Minister Situmbeko Musokotwane complained in an interview with Bloomberg Television that progress in restructuring the country's debts has been too slow. Image via Bloomberg.

Zambia’s Finance Minister Situmbeko Musokotwane said it’s urgent that the country’s international creditors finalize a debt restructuring deal at once, or else a $188 million IMF emergency financial package could be at risk.

Musokotwane expressed frustration in an interview with Bloomberg TV on Tuesday that his government has met all of the requirements stipulated by the IMF to secure the funds but still won’t qualify for the money unless Lusaka’s international creditors close a debt restructuring deal.

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