Zambia’s Creditors to Reconvene in May, Amid Growing Global Debt Concern

A graph showing rising debt loads on key sub-Saharan economies. Image via Business Day

Bloomberg reports that Zambia’s official creditor committee, which is co-led by China, has reportedly made progress in meetings this week, which will lead to them reconvening for a follow-up session next month.

The next meeting could see them signing a memorandum of understanding, a crucial step towards unlocking a $188 million support package from the International Monetary Fund.

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by Eric Olander

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