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Zambian mining struggles to recover from Covid-19 african.business - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from african.business Daily Mail and Mail on Sunday newspapers.
Times of Zambia | Steps taken to fix economy promising so far times.co.zm - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from times.co.zm Daily Mail and Mail on Sunday newspapers.
Surging Copper Propels Zambia's Currency to World Beating Streak zambiareports.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zambiareports.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) The International Monetary Fund wants Zambia to implement agreed policies before resuming talks on a long-awaited economic program that has held up debt-restructuring talks with external creditors.That’s dealt a blow to bondholders’ hopes for an agreement before general elections in August in the country that became Africa’s first pandemic-era sovereign default last year.“We are ready to continue discussions as those measures are taken,” the Washington-based lender said in an emailed response to questions. “The timing when the measures are taken is in the hands of the government.”An IMF bailout will be crucial for Zambia before it can reach a restructuring agreement with the holders of as much as $12.74 billion in external public debt. The government will probably only be willing to implement reforms after the elections, and talks over a deal may drag on until the end of the year, Michael Kafe, an economist at Barclays Plc ....