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Emerging MarketsAfrica

Zambia pleads for debt standstill in ‘disappointing’ call, promises IMF engagement

AdobeStock_Zambiacrisis_575x375_29Sept2020

Zambia, which is asking to defer upcoming coupon payments as it seeks to restructure its debt, laid out a time frame for discussions with bondholders this week. But investors were disappointed with the lack of clarity and detail from an investor call with finance minister Bwalya N’gandu this week.

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