“We’ve got one creditor that seems to be — one international creditor — that seems to be taking a bit more time to make a decision,” Ford, who is visiting Zambia, said in comments broadcast on Hot FM radio Thursday in the capital, Lusaka. “I discussed that with the foreign minister as well last night, and I know that he has been working incredibly hard to try and speed up that process.”
Zambia’s $1 billion in Eurobonds due April 2024 have fallen 6% this year to trade at 74 cents on the dollar by 3:43 p.m. in London. “I am afraid I can not release that because there are diplomatic issues that we are following,” he said in Lusaka. “Mentioning the name obviously does not help.”
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