The issue which goes in tandem with the current International Monetary Fund financial support programme has occupied media spaces including that of this column for a long time now.
Followers of the country's economic developments and citizens in general will remember the night of June 22-23 this year which will forever be a memorable one as it marked the start of a new economic epoch for the southern African country. The agreement entailed Zambia's debt to be rescheduled over more than 20 years with a three-year grace period during which only payments on interest will be required.
While a great deal has been achieved, there are still a few steps to be taken to arrive at the final positions. At one time, the IMF could not release the $188-million disbursement following delays in the group agreeing to debt relief and other requests. Last month, Finance Minister Situmbeko Musokotwane said the copper-rich country will finalise and execute the MoU by the end of the year.
"We're very hopeful that the authorities and the creditors will be in a position to make an announcement very, very soon," he told Reuters in an interview on the sidelines of the IMF and WBG annual meetings adding that:
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