IMF, Others Praise Zambia

By Mwila Nsofu

The International Monetary Fund- IMF- has welcomed the agreement between Zambia and bondholders to restructure the Eurobond debt.

An IMF Spokesperson says the agreement is consistent with the parameters of the IMF programme.

And, According to X monitored by ZNBC News, British High Commissioner to Zambia, NICHOLAS WOOLLEY has applauded all those involved in securing the debt deal.

Mr. WOOLLEY says the deal is a major achievement for ZAMBIA and for the G20 Common Framework debt process.

Meanwhile, MMD President, NEVERS MUMBA has congratulated President HICHILEMA and his economic team for successfully concluding a complex Eurobond debt restructuring process.

Dr. MUMBA says the debt restructuring deal could not have come at a better time especially that the Debt-Stress on the economy and suffocation of Zambians economically has been high.

He says the deal, coupled with the re-organisation around the Mining Sector means that the economic woes will soon start to subside.

Meanwhile, Zambia’s dollar bonds strengthened as the country worked to finalize a long-delayed debt restructuring, with Moody’s seeing a deal boosting growth.

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