NEGOTIATE FOR EXTENSION OF BONDS MATURITY, GOVT URGEDBy BUUMBA CHIMBULUGOVERNMENT should utilise the current positive goodwill from the international lenders and creditors to negotiate and move the maturity dates for the current debt stock which is almost US$14 billion.It is critical for Government to have maturity dates for principal payments moved forward for some of the debt which are almost due, according to an economist, Dr Austine Mwaange.On September 20, 2022, Zambia’s first Eurobond will mature. The government will be required to settle its principal payment amounting to US$750 million in full.Dr Mwaange explained in an interview yesterday that Government should also ride on the goodwill from the international community to reschedule and accelerate efforts to restructure debt.“In debt rescheduling, we expect that even certain payments can be reduced or suspended for this period when we are coming from Covid-19 and we need to support human development. If this does not happen, most of the Zambians will be affected,” he said.Dr Mwaange also urged Government […]
NEGOTIATE FOR EXTENSION OF BONDS MATURITY, GOVT URGED
