Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Zambia to Pay 1% Interest After ‘Mission Impossible’ Debt Deal for bilateral debets

InternationalJun 25, 2023
Zambia to Pay 1% Interest After ‘Mission Impossible’ Debt Deal for bilateral debets

It is learned that Zambia will push out maturities on USD 6.3 Bn in bilateral debt to 2043, representing an average extension of more than 12 years. Zambia will pay interest rates of as low as 1% until 2037 and increase to a maximum of 2.5% after 14 years under the baseline scenario.

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