Jump to navigation

Vol 65 No 12

Published 6th June 2024


Inching towards the end of the tunnel

After three-and-a-half years of talks and geopolitical clashes, officials in Lusaka foresee a comprehensive debt restructuring within months

At last an end is in sight for Zambia’s tortuous negotiations to restructure US$13.4 billion in foreign loans, after international bondholders met on 4 June to approve the exchange of $3bn of existing Eurobonds for new bonds. That should complete the Eurobond element of the restructuring. However, but Zambia still has to reach agreement on debts owed to the mainly Chinese non-bondholder commercial creditors and the implementation of debt treatments with official creditors.

End of preview - This article contains approximately 1279 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.