Zambia: Govt's Debt Crisis Worsens

16 October 2020

Lusaka — Zambia's debt situation seems to be deepening with some commercial creditors "refusing" to grant it some relief it was seeking to ease the pressure, the country's Parliament heard late Thursday.

"Although we have obtained some relief under the debt service suspension initiative (DSSI) window, particularly from official creditors, engagements with commercial creditors, have not yet yielded the expected results. This is because these creditors were concerned that we were not treating all creditors equally," Finance Bwalya Ng'andu told the house in a statement.

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