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Zambia Picks Lazard as Adviser for Debt Restructure

  • Country had asked for proposals for ‘liability management’
  • Zambia needs to restructure debt to access IMF funding
People await for food distribution in Simumbwe, Zambia, on Jan. 22.

People await for food distribution in Simumbwe, Zambia, on Jan. 22.

Photographer: Guilllem Sartorio/AFP via Getty Images 

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Zambia appointed Lazard Freres as financial adviser to help it restructure its external debt, the Finance Ministry said.