Zambian President Hakainde Hichilema looks on during an interview with Reuters at the Africa Mining Indaba 2022 which opened in Cape Town, South Africa, May 9, 2022. REUTERS/Shelley Christians/File Photo
"The fact that we have an official sector deal is a real positive," said Kevin Daly, an emerging market fund manager at Abrdn, who chairs the committee of bondholders estimated to hold almost half of the $3 billion worth of debt.Sources close to the bondholder group had said earlier that it would engage constructively with Zambia, which is one of the world's largest copper producers and has some of Africa's most expansive national parks.
last year over how much debt relief would be required. They now want authorities to provide a list of possible options to finalise the deal. Addressing parliament on Tuesday, Zambian Finance Minister Situmbeko Musokotwane said the key assessment on its finances and economy would be done jointly by the IMF and the World Bank in 2026.
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