Zambia signs debt deal with creditors, IMF chief says
International Monetary Fund Managing Director Kristalina Georgieva attends the annual meetings of the International Monetary Fund and the World Bank Group in Marrakesh, Morocco on October 12, 2023. PHOTO | FADEL SENNA | AFP
Zambia has signed a debt deal with its foreign lenders, the IMF's chief announced Thursday, providing financial relief to the first African nation to default after the Covid pandemic.
Zambia had reached an agreement in principle with its creditors, which include China and Western nations, on $6.3 billion of its debt in June, but it had yet to be finalised.
