'Everything else is secondary' to debt transparency as Zambia-IMF talks extended

AdobeStock_Zambia_575x375_23Sept2020
By Mariam Meskin
05 Mar 2021

The IMF and Zambia will continue their negotiations about a package to put the country on a path to financial stability, the Fund said on Thursday, after the deadline for initial talks had passed the day before with no deal agreed. But market participants are still demanding more transparency over the defaulted sovereign's external debts.

Zambia’s minister of finance Bwalya Ng’andu said in a statement on Thursday evening that the discussions, which had started on February 11, had been “positive and constructive”.

The country suffered Africa’s first sovereign default of the pandemic after bondholders refused a consent solicitation request that would have extended coupon payments on $3bn of ...

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