Jan 19 -
Zambia has become a test case for the G20-led “Common Framework” restructuring vehicle launched during COVID-19 to streamline debt restructuring efforts as poorer countries buckle under the fallout from the pandemic hit. It aims to include non-Paris club members, such as China, in debt relief talks. “Right now we have negotiations where there is not an established debt sustainability framework. What you see in the discussions is that different creditors are challenging all the underlying assumptions,” van Trotsenburg added, without specifying which creditors he was referring to.
Speaking at the same panel, Jose Antonio Ocampo, Colombia’s finance minister, said there was a lack of institutional arrangements to manage debt issues.
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More like Zambia needs less corruption! They can pay their bills if you get out of the way. Enslave Zambia and steal their resources is getting old!!!