Latest Breaking News On - Fund extended credit facility - Page 1 : vimarsana.com
(Recasts with Zambia finance ministry statement, changes dateline to Lusaka, adds creditor comments)
LUSAKA, May 10 (Reuters) - Zambia’s finance ministry said on Monday that it had reached a broad agreement with the International Monetary Fund (IMF) on macroeconomic parameters, fiscal targets and policy objectives, during talks to secure a lending programme.
Both Zambia - Africa’s first pandemic-era sovereign default - and the IMF said more talks were needed to finalise a programme under the Fund’s Extended Credit Facility.
But the finance ministry said enough progress had been made to allow authorities to move ahead with preparations for debt restructuring talks with official and commercial creditors under a common framework backed by the Group of 20 major economies.
China
Lusaka
Zambia
Johannesburg
Gauteng
South-africa
London
City-of
United-kingdom
Chinese
Kevin-daly
Chris-mfula
11 May 2021 - 08:13 By Chris Mfula Zambia s debt had been considered unsustainable even before the pandemic struck, and missing a coupon payment on a dollar bond in November tipped it officially into default. Image: 123RF/Kevin George
Zambia s finance ministry said on Monday that it had reached a broad agreement with the International Monetary Fund (IMF) on macroeconomic parameters, fiscal targets and policy objectives, during talks to secure a lending programme.
Both Zambia - Africa s first pandemic-era sovereign default - and the IMF said more talks were needed to finalise a programme under the Fund s Extended Credit Facility.
But the finance ministry said enough progress had been made to allow authorities to move ahead with preparations for debt restructuring talks with official and commercial creditors under a common framework backed by the Group of 20 major economies.
China
Zambia
Chinese
Kevin-daly
Bwalya-ngandu
International-monetary-fund
Fund-extended-credit-facility
Zambia-external-bondholder-committee
Reuters
Extended-credit
Finance-minister-bwalya-ng-andu
Aberdeen-standard-investments
Message :
Required fields
LUSAKA, May 10 (Reuters) - Zambia s finance ministry said on
Monday that it had reached a broad agreement with the
International Monetary Fund (IMF) on macroeconomic parameters,
fiscal targets and policy objectives, during talks to secure a
lending programme.
Both Zambia - Africa s first pandemic-era sovereign default
- and the IMF said more talks were needed to finalise a
programme under the Fund s Extended Credit Facility.
But the finance ministry said enough progress had been made
to allow authorities to move ahead with preparations for debt
restructuring talks with official and commercial creditors under
a common framework backed by the Group of 20 major economies.
China
Lusaka
Zambia
Johannesburg
Gauteng
South-africa
London
City-of
United-kingdom
Chinese
Kevin-daly
Barbara-lewis
vimarsana © 2020. All Rights Reserved.