Tag: restructure

December 21, 2023 BY Elizabeth Anderson

IMF approves an immediate $187m loan payout for Zambia while revising restructuring proposals

This is the third loan payout under Zambia’s $1.3bn extended credit facility, which the IMF approved in August 2022. The African country backslid on its debt approximately three years ago when the pandemic ruined its restructuring plans. Reportedly, the country hit a major roadblock with its creditors in November. The lenders questioned the comparable debt…

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