IMF MD Kristalina Georgieva welcomes pledge by creditor committee as ‘clearing the way’ for programmeJakarta/London — Zambia’s creditors including China have pledged to negotiate a restructuring of the country’s debts, in a move International Monetary Fund MD Kristalina Georgieva welcomed as “clearing the way” for a $1.4bn programme.
“Very pleased the official creditor committee for Zambia has provided its financial assurances clearing the way for a fund programme,” Georgieva said in a tweet. It also called on private creditors to “commit without delay” to negotiating debt relief on terms at least as favourable.
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Zambia debt relief pledge clears way for $1.4 billion program, says IMFZambia's creditors pledged to negotiate a restructuring of the country's debts on Saturday, a move IMF managing director Kristalina Georgieva welcomed as 'clearing the way' for a $1.4 billion Fund programme.
Source: ReutersAfrica - 🏆 31. / 53 Read more »
IMF says debt plan should unblock $1.3bn for ZambiaThe IMF said that an agreement by Zambia's creditors to restructure the country's crushing debt load has helped clear the way for IMF-support funds. I really appreciate allison_grillo effort for turning my little investment of R8000 i got a big smile on my face after withdrawing R80,000 as my profit i just want to make everyone know of allison_grillo and how she has helped me through tough times . I’m gradually making more earnings now in my trades but with the aid of a trader that was recommended and now I'm recommending her to y'all EliDonovan01 Sri Lanka 🇱🇰 needs it more
Source: eNCA - 🏆 49. / 51 Read more »
Zambia debt relief pledge clears way for $1.4 billion program, says IMFZambia's creditors pledged to negotiate a restructuring of the country's debts on Saturday, a move IMF managing director Kristalina Georgieva welcomed as 'clearing the way' for a $1.4 billion Fund programme.
Source: ReutersAfrica - 🏆 31. / 53 Read more »