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
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Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Zambia's Doller bond restructuring face obstacles as IMF and OCC express their reservations on the terms of the agreement

InternationalNov 10, 2023
Zambia's Doller bond restructuring face obstacles as IMF and OCC express their reservations on the terms of the agreement

Zambia's official creditors and the International Monetary Fund have "expressed reservations" about a debt restructuring deal the government has reached in principle with an international bondholder group.

Zambia and the bondholder groups’ steering committee are continuing talks after the official creditor committee and the IMF voiced their doubts during discussions over the "last several days".

Zambia defaulted on its external debts three years ago and finally clinched a deal with a bondholder group in late October, less than two weeks after reaching a restructuring agreement with its official creditors, which include China and members of the Paris Club of creditor nations.

Reuters Reports..

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