by Amruth Sundarkumar | Sep 1, 2022 | Sovereign Bonds, Sovereigns
Zambia secured a $1.3bn bailout package approval from the IMF, a key step towards the nation restructuring its debt under the G-20 debt plan. Based on Zambia’s economic reforms plan, the IMF has given a 38-month extended credit facility (ECF). The lender said, “The...
by Megha Malhotra | Aug 25, 2021 | Financial News
Zambia’s new President Hakainde Hichilema announced his intentions to reduce the unsustainable public debt and the budget deficit as a large part of the nation’s budget was being spent just to service its debt. A better debt management policy would also help...
by Megha Malhotra | Aug 18, 2021 | Sovereign Bonds
Zambia’s dollar bonds rallied on Monday after opposition leader Hichilema beat the incumbent President Edgar Lungu by a strong margin of ~1mn votes during the Zambian Presidential elections. The new president elect is widely expected to spur economic growth and...
by bondevalue | Mar 22, 2021 | Sovereign Bonds
Zambia’s main opposition leader said that creditors would have to face losses while negotiating a debt restructuring, given that the African nation would not be able to secure an IMF bailout before elections in August. The opposition leader said that a 20%...
