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Zambia’s creditors pledge to negotiate debt restructuring

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Zambia’s creditors have pledged to restructure its debt in a move the IMF’s managing director Kristalina Georgieva welcomed as clearing the way for a $1.4billion funding program.The creditor committee, co-chaired by China and France, said in a statement released by G20 chair Indonesia that it supported Zambia's "envisaged IMF upper credit tranche program and its swift adoption by the IMF Executive Board". CGTN’s Penninah Karibe speaks to Thabo Kawana, Director - Spokesperson in the Ministry of information and Media, on Zambia’s debt relief.

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Category
Zambia
Tags
Africa, News, zambia, economy
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