Zambia Seeks 'Headroom' in Debt Restructuring to Stimulate Economic Growth
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Zambia is actively working towards finalizing a debt restructuring deal that aims to attract investment and stimulate economic growth. The negotiations to revamp the country's foreign debt have taken longer than expected, and the government is currently waiting for creditors to complete the deal. Last year, Zambia reached an agreement with a group of government lenders, including China and France, to rework $6.3 billion in loans. This week, negotiations have resumed with investors holding approximately $3 billion of Eurobonds. The successful completion of the debt restructuring deal is crucial for Zambia to create 'headroom' and implement policies that can drive economic growth and development .
Zambia's escalating debt crisis has been a cause for concern among experts and international o...
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