. Many developing countries are teetering on the cusp of default and may soon find themselves in debt-restructuring negotiations of their own.Also receive offers from The Africa Reportnations have experienced a marked increase in poverty as they struggle against a perfect storm of macroeconomic factors: the aftermath of the Covid-19 pandemic, climate change-induced natural disasters, and commodity price fluctuations.
Zambia had to play its part, too. A second lesson for countries hoping for debt relief is to put your own house in order.
We are hoping to achieve at least 4% GDP growth in 2023. Critically, these reforms also demonstrated to our creditors and partners that we are serious about securing
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