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Zambia votes in tense presidential and parliamentary polls

Key African central banks may hold rates on growth concerns

Key African central banks may hold rates on growth concerns
moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.

Zambia unlikely to clinch IMF deal before elections – Hambayi – Zambia: News Diggers!

Zambia unlikely to clinch IMF deal before elections – Hambayi – Zambia: News Diggers!
diggers.news - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from diggers.news Daily Mail and Mail on Sunday newspapers.

Zambia default test case for Africa debt relief

Zambia default test case for Africa debt relief AFP 2/25/2021 AFP © SALIM DAWOOD President Edgar Lungu has to wrestle with conflicting pressures for economic reform and popular infrastructure projects as Zambia negotiates on debt relief with the IMF Debt-ridden Zambia and the International Monetary Fund (IMF) are locked in difficult talks for a possible bailout, laying the foundation for debt relief under a new framework to help poor nations tackle unsustainable arrears. The copper-rich southern African country became the continent s first coronavirus-era sovereign default after skipping a $42.5-million (34.8-million-euro) interest payment on a eurobond last year. Zambia which saw its external debt balloon to almost $12 billion in 2020 in December requested funding from the IMF to finance reform efforts.

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