Tag: Zambia debt talks
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Zambia Wants Debt Reduction As Part of Renegotiation: Hichilema
Zambian President Hakainde Hichilema is optimistic that Zambia’s debt renegotiation is now on track, following the recent announcement that China and France will head the creditors’ committee. The committee's first meeting will be next week. Speaking at a mining conference in Cape Town,
Tussle Underway Among China, South Africa, and France to Co-Chair Zambia’s Creditor Committee
Sharp elbows are out among countries vying to help lead Zambia's newly-energized debt restructuring process, following China's announcement last week that it plans to join a new creditor's committee. Soon after Chinese officials announced their intent to join the committee, they indicated ...
China to Join Zambian Creditor Committee Says IMF Head Georgieva
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 ...
World Bank Chief Calls for New Debt Resolution Tools, Blames China for Debt Crises
David Malpass, the president of the World Bank, again singled out China in calling for new debt restructuring mechanisms to help the developing world. Malpass and the International Monetary Fund’s managing director Kristalina Georgieva told reporters that rising interest rates are exacerbating a debt crisis among developing countries already ...
China ‘Coming on Board’ Zambian Debt Talks: Treasury
Felix Nkulukusa, Zambia’s treasury secretary, confirmed discussions are now underway within the Chinese government about restructuring Zambian debt, as the African country grapples with the aftermath of its November 2020 default. This follows comments last week by Vicky Ford, the UK Minister for Africa, that ...