‘DEBT RESTRUCTURING FEASIBLE IN FIRST QUARTER 2022’By BUUMBA CHIMBULUZAMBIA’S debt can be restructured in the first quarter of 2022 if the country manages to get an International Monetary Fund (IMF) deal by end of this month.The country’s external debt currently stands at US$14.67 billion.Debt restructuring will ensure a smooth running of the 2022 national budget, according to Mutisunge Zulu, an Economist and Financial Analyst.Mr Zulu warned that it would be difficult to smoothly run the 2022 national budget in the absence of debt restructuring which could only be achieved with an IMF deal in place.He emphasised during a 2022 post budget meeting organised by PWC that the IMF deal was a precursor for successful debt restructuring.Zambia is currently having discussions with the IMF on the country’s eligibility to access a package worth US$1.3 billion and intends to reach an agreement by the end of this month.“Government is very ambitious to ensure that Zambia gets an […]
‘DEBT RESTRUCTURING FEASIBLE IN FIRST QUARTER 2022’
