File image of IMF Managing Director Kristalina Georgieva. Daniel LEAL / AFP
After months of inaction, there’s word now of an important breakthrough in restructuring Zambia’s ballooning $32 billion debt. China, widely perceived as the lone holdout, has finally agreed to join a multi-party creditors committee, according to IMF Managing Director Kristalina Georgieva during the group’s Spring Meetings that took place last week in Washington.
Georgieva reportedly relayed comments made by Chinese central bank governor Yi Gang during the IMF meetings that Beijing plans to co-chair the creditor committee.
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After months of delays, all of Zambia’s international creditors will finally convene on Thursday to work out the details of how to restructure the country’s $17.3 billion of ...
The Franco-Chinese-led Creditors Committee overseeing debt restructuring for three African countries under the auspices of the G20’s Common Framework will meet on Monday for the first time to discuss the ...
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