IMF to Resume Zambia Talks Once State Implements Policies
- Blow to bondholders as deal now unlikely before August polls
- IMF program needed before restructuring of external debt
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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.