IMF to assemble additional creditor meeting to find credit s...| MENAFN.COM

Friday, 03 February 2023 11:01 GMT

IMF to assemble additional creditor meeting to find credit solutions for indebted countries


(MENAFN) The IMF is going to quickly convene an additional meeting with creditors to accelerate debt discussions for indebted nations, its chief stated on Tuesday.

IMF chief Kristalina Georgieva mentioned throughout her trip to the Zambian capital Lusaka on Tuesday that the Southern African country is going to be between nations invited to the meeting as it looks for an urgent regain of its devastating USD13.4 billion external debt.

Choices involve haircut debt restructuring, stretched repayment timespans, as well as suspension of interest payments, between additional considerations.

Georgieva stated that the meeting is going to involve the participation of China, which consists for USD6.9 billion of Zambia’s debt, other G-20 states, the World Bank, and the two new and old creditors.

“The round-table is expected to iron out issues that are causing delays to conclude debt restructuring negotiations for countries like Zambia,” according to Georgieva in a speech to a Town Hall negotiations at the University of Zambia.

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