10 months ago
COMMENCEMENT OF FORMAL TALKS TO RESTRUCTURE ZAMBIA`S OVER $3 BILLION INTERNATIONAL BONDS A POSITIVE ECONOMIC INDICATION
Economist Noah Kabwita says the move by bondholders to commence formal talks to restructure over $3 billion of Zambia’s international bonds reflects the confidence they have in the performance of the local economy.
Commenting on this development, Mr. Kabwita has told Phoenix News that this step means that Zambia will deal with debt which requires the local economy to sustain this confidence from creditors to ensure successful debt restructuring.
He says this development is encouraging and proof enough that creditors are ready to enter into an agreement of restructuring the bonds.