IMF Director Optimistic Zambia Will Announce Debt Relief Deal With Creditors Before End of Week
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IMF's Africa director hopeful Zambia and creditors will announce debt deal before Thursday
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Zambia became first African country to default during COVID-19 in 2020
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Zambia clinched agreement in June to restructure $6.3 billion debt owed to governments
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Zambia's finance minister said in September he expected memorandum with creditors by year-end
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Last week, Zambia's bondholders started formal debt talks with government on $3 billion bonds