Zambia Aims to Resolve Debt Revamp Standoff Within Three Months.

DEBT relief; REPAYMENTS; LOANS; PUBLIC debts; DEBTOR & creditor

Zambia is working to resolve a deadlock with its creditors regarding the restructuring of its debt within the next three months, according to a senior official from the Finance Ministry. The disagreement stems from differing opinions on how different types of loans should be treated equally. China previously rejected a proposed deal between Zambia and bondholders due to a misunderstanding about the treatment of creditors. Zambia has been attempting to restructure its liabilities using the Common Framework, but there is still no consensus on how different types of creditors should be treated equally. [Extracted from the article]

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