JOHANNESBURG – Zambia’s official creditors and the International Monetary Fund (IMF) have “expressed reservations” about a debt restructuring deal the government has reached in principle with an international bondholder group, the finance ministry said yesterday.Zambia and the bondholder group’s steering committee are continuing talks after the official creditor committee and the IMF voiced their doubts during discussions over the “last several days,” the ministry said in a statement, not giving any further detail on the nature of the reservations.The discussions between the steering committee and the government are taking place under extended non-disclosure agreements, a source familiar with the process said, asking not to be identified as the talks are private.Zambia defaulted on its external debts three years ago and finally clinched a deal with a bondholder group in late October, less than two weeks after reaching a restructuring agreement with its official creditors, which include China and members of the Paris Club of creditor […]
Zambia official creditors, IMF voice
