Speaking at the University of Zambia Tuesday, IMF managing director Kristalina Georgieva applauded Lusaka's efforts to reform its economy, saying it had done its part and urging its creditors to do theirs.
Russia's invasion of Ukraine in February last year disrupted food, energy, and other markets as western governments hit Moscow with sanctions and Russia's navy stopped Ukraine's grain exports.
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IMF chief: it's time for creditors to restructure Zambia debtInternational Monetary Fund Managing Director Kristalina Georgieva said on Tuesday during a visit to Zambia that it was the time for the southern African country's creditors to restructure its debt as it was doing its part by implementing economic reforms. joseph_kalimbwe Things are not as rosy for our neighbors! All the best as you tackle white monopoly capital! This is great Mr President and the move is important and welcome Pourquoi ce pays n’a pas réussi d’engager des réformes pour créer la croissance par le travail.
Source: ReutersAfrica - 🏆 31. / 53 Read more »
Treasury Secretary Yellen Talks Debt & Public Health in ZambiaU.S. Treasury Secretary Janet Yellen is in Zambia on the second leg of her African tour, a stop aimed at promoting American investment and ties with African countries. She discussed On Twitter, she said she discussed with President Hichilema a range of issues - "debt sustainability, deepening economic reforms, furthering growth, reducing poverty, and combatting corruption and illicit finance." Speaking the Zambia National Public Health Institute, Yellen called health security a key pillar of the U.S.-Zambia partnership. And she delivered address focused on food security at the Green Climate Fund Agriculture Site.
Source: allafrica - 🏆 1. / 99 Read more »
World Bank’s Malpass says China is delaying debt restructuring in ZambiaMalpass echoes comments by US treasury secretary that prompted a rebuke from China
Source: BDliveSA - 🏆 12. / 63 Read more »