Africa March 2, 2021 ZAMBIA: Might Zambia finally clinch an IMF deal? Zambia, Emerging Markets, Politics editorial, IMF Anne Frühauf Three weeks of talks with the International Monetary Fund (IMF) are due to conclude on 3 March. Since Zambia plans to seek debt treatment under the G20’s ‘Common... Read More...
Africa December 18, 2020 ZAMBIA: Plan spells headline risk for miners, no clear upside for IMF deal Zambia, Emerging Markets, Politics IMF Anne Frühauf On 17 December, President Edgar Lungu launched Zambia’s new Economic Recovery Programme (ERP) 2020-2023. If Lungu’s ERP was meant to please the International Monetary Fund (IMF), the immediate effect was... Read More...
Africa December 9, 2020 ZAMBIA: How much hope for an IMF program? Zambia, Emerging Markets, Politics editorial, IMF Anne Frühauf The International Monetary Fund (IMF) said today, 9 December, that it “will be assessing in the coming weeks how the IMF could support the authorities’ reform efforts through a... Read More...
Africa November 13, 2020 ZAMBIA: Point of no return Zambia, Emerging Markets, Politics editorial Anne Frühauf Finance Minister Bwalya Ng’andu confirmed today, 13 November, that Zambia would “have no other alternative but to accumulate arrears” on its 2024 Eurobond, where the grace period on a... Read More...
Africa October 20, 2020 ZAMBIA: Aborted Bondholder Meeting Signals Messy, Protracted Debt Restructuring Zambia, Emerging Markets, Politics Anne Frühauf Zambia seems increasingly unlikely to make its outstanding USD 42.5mn coupon payment within the 30-day grace period. While the G20 Debt Service Suspension Initiative (DSSI) will now offer bilateral debt relief until... Read More...
