JOHANNESBURG: Zambia remains in touch with China and all its other creditors as it continues to negotiate a debt restructuring, finance minister Situmbeko Musokotwane said at an International Monetary Fund press conference on Saturday .
Zambia secured a US$1.3 billion, three-year loan from the IMF in September. It is now seeking a present value US$6.3 billion debt reduction, or 49 per cent of the external debt being restructured, a level some bondholders have said would be unacceptable.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK finance minister says 'not going anywhere' amid talk of new U-turnsKwasi Kwarteng insisted he was safe in his job. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Britain's finance minister Kwasi Kwarteng to be sacked: British mediaHe is being blamed, along with Prime Minister Liz Truss, for sending the British economy into a tailspin. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
British PM Liz Truss fires finance minister Kwasi Kwarteng: ReportLONDON: British Prime Minister Liz Truss has fired her finance minister Kwasi Kwarteng, the BBC reported on Friday (Oct 14), shortly before she is expected to scrap parts of his economic package in a bid to survive the market and political turmoil gripping the country. Downing Street confirmed that Truss,
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Kwasi Kwarteng: End of a short road for UK's finance ministerHis sacking represents a humiliation for the Cambridge- and Harvard-educated former Chancellor of the Exchequer. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »