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LUSAKA (Reuters) - Zambian authorities formally requested a financing arrangement from the International Monetary Fund (IMF), the Fund said on Tuesday, to help the southern African copper producer navigate a debt crisis.
FILE PHOTO: Zambia s President Edgar Lungu attends a signing ceremony at the Elysee Palace in Paris, France, February 8, 2016. REUTERS/Philippe Wojazer/File Photo/File Photo
Zambia became Africa’s first pandemic-era sovereign default last month after it failed to pay a $42.5 million coupon on one of its Eurobonds.
Zambia’s presidency released a photo of President Edgar Lungu meeting with the head of the IMF’s Africa department Abebe Selassie in the capital Lusaka on Tuesday.
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