Zambia Aims to Resolve Debt Revamp Standoff Within Three Months

Zambia plans to resolve a standoff among its creditors within the next three months that’s stalled efforts to restructure its debt, a senior Finance Ministry official said.

There’s a difference of opinion over how different categories of loans should be treated comparably and the issue “should be able to be concluded not later than the first quarter of 2024,” Treasury Secretary Felix Nkulukusa told reporters in Lusaka, the capital, on Thursday. “We’re hoping that everyone will come on board.”