Zambia begins crunch IMF talks on debt defaults - Wirtschaft
Zambia begins crunch IMF talks on debt defaults Zambia saw its external debt bulge to nearly US$12 billion last year. Photo Nampa/Reuters Lusaka - Debt-distressed Zambia began talks last week with the International Monetary Fund (IMF) for a possible bailout loan after it defaulted on two interest payments over the past three months. The Southern African copper producer hopes to navigate a debt crisis and rein in the spill-over effects of the Covid-19 pandemic as it approaches presidential and parliamentary elections due in August. Zambia - which struggled with its debt load even before the C...
Source: az.com.na