Zambia finance minister eager to renegotiate debt, awaits China's team - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

Zambia’s finance minister said on Saturday it is still unclear who will be leading talks for renegotiating its nearly $6 billion debt with China, the largest bilateral creditor of the first African sovereign default in 2020 after the COVID-19 pandemic hit.

Zambia's Finance Minister Situmbeko Musokotwane attends the Annual Meetings of the International Monetary Fund and World Bank in Washington, US, October 15, 2022.Zambia's Finance Minister Situmbeko Musokotwane attends the Annual Meetings of the International Monetary Fund and World Bank in Washington, US, October 15, 2022.

“I don’t know at this particular moment,” he said, when asked who represents China on the official creditors committee. Musokotwane said negotiating with bilateral creditors including China before private creditors had “worked fairly well”, but acknowledged there had been complaints from international investors who hold the country’s sovereign bonds.Zambia secured a three-year $1.3 billion loan from the IMF in September. It is now seeking a present value $6.3 billion debt reduction, or 49% of the external debt being restructured. Some bondholders had previously said a 45% cut would be unacceptable.

Zambian grain exports could help to address shortages caused by Russia’s invasion of Ukraine, Musokotwane said, adding that the government was hoping to host an overseas agriculture investors forum in the middle of 2023.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว

Crying for just 6 billion. Mr Phala Phala borrowed above 500 Billion of it from USA. now he wanna sell Eskom to pay his debts. His kind from the UK want to make sure that goes smoothly

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เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 37. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

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Zambia in touch with China and other creditors, finance minister saysZambia 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.
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