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 has reached to a debt restructuring deal with private bondholders

InternationalOct 26, 2023
Zambia has reached to a debt restructuring deal with private bondholders

On Thursday, Zambia said it had agreed to restructure USD 3 Bn its international bonds with a key creditor group. Under the proposal three existing bonds are expected to be exchanged with two new “amortizing” bonds maturing in 2035 and 2053 respectively, under an economic “base case” scenario.

IMF delayed the release of the second tranche payment for Zambia after the successful first review, till the country reached an agreement with official creditors in June 2023. (Colombo /26/10/2023)

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