Talks on Zambia's debt have been 'quite encouraging' - Yellen

"I'm encouraged by progress on Zambia and I think debt treatment can move forward soon," Yellen said ahead of a summit in Paris aimed at boosting crisis financing for poorer nations.Zambia's hopes of restructuring about $12.8 billion of external debt have been hampered by the concerns of its main creditors about the required scale of relief.

"Delaying debt treatment hurts both creditors and debtors. It simply worsens the economic fundamentals and increases the amount of debt relief borrowers will eventually need," Yellen said.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Eskom debt relief bill | NCOP gives legislation thumbs upThe bill will see National Treasury taking over a portion of Eskom's debt.
Source: eNCA - 🏆 49. / 51 Read more »

Ghana: Chinese loans to take centre stage in restructure talks - The Africa Report.comAfter securing China’s commitment to a debt restructure and unlocking the much-needed IMF relief package last month, Ghana must now flesh out details of the terms. Commitment from Ghana’s external creditors has given Accra temporary relief. 👉
Source: TheAfricaReport - 🏆 29. / 55 Read more »