ZCFA hails China’s pledge to cancel 23 interest-free loans for 17 African countries
• China pledges to forgive 23 matured interest-free loans for 17 African countries.• China further announces that it will redirect US$10 billion of its IMF
Tag : International Monetary Fund
Domestic economic performance improved in first half of 2022 – Economist
• So far the performance has been good and it’s full of promise.• The Kwacha has strengthened against major convertible currencies such as the US
Economist applauds Creditors’ position on Zambia’s debt
• The Creditors Committee has given assurances to the country and the IMF of their position.• This is a positive development towards our debt restructuring
Government seeks Japan’s support in ongoing official creditor’s committee discussion
• Government seeks Support from Japanese Government on debt restructuring.• With the creditors’ support such as JICA, Zambia will be able to finalize the International
IMF deal looks very positive – Economist
• The IMF deal has been very positive since the new dawn government started to discuss this.• It looks very positive that this will go
Zambia to participate in Creditors meeting with IMF
• Zambia receives an invitation to participate in the first meeting between Zambia’s Official Creditor Committee and the IMF.• Zambia will present its economic reform
CTPD calls for more engagements with China over Zambia’s debt
• Zambia’s debt has accumulated to unsustainable levels.• There is need to have it restructured with the help of IMF, within the G20 Common Framework
China key to Zambia’s IMF staff level agreement – Legal Expert
• Failure by China to agree on restructuring this huge loan could prove fatal to Zambia’s bid to access IMF loan.• Accessing the IMF loan
Government must respond to IMF call to subsidize food prices – CSPR
• The advice is timely and long overdue.• This is because of poverty and vulnerability levels.• When a country begins to subsidize the cost of
US$1.4 billion IMF package will strengthen Zambian Kwacha – PMRC
• Government is urged to work around the clock to get the IMF package.• The success of the IMF program will free up a significant