Kelvin Chisanga outlines:”The implications of Zambia’s debt restructuring process!”
By Kelvin Chisanga Sunday, 18th September, 2022 In as much as debt has been the main precursor relating it to the International Monetary Fund (IMF) bailout package, it is also a tough puzzle to work around with, especially with the questions surrounding debt restructuring plans mainly due to the complicity with a portfolio of national debts, which comprises of debts from capital market, bilateral parties and multilateral players altogether combined. Zambia went on, to issue three key debt instruments (Eurobonds) in 2012, 2014 and 2015 which are estimated to have a stock value of slightly above $3 billion worth of...